Calumet calls $150 million of debt for redemption on October 25
CLMT•Calumet will redeem $150 million of 9.75% senior notes due 2028 on October 25, 2026, at 102.438% of principal plus accrued interest. The redemption will bring debt retired since July 2026 to about $265 million and generate about $26 million in annual cash interest savings.
1. Debt redemption
Calumet will redeem $150 million of its 9.75% Senior Notes due 2028 on October 25, 2026. The cash redemption price is 102.438% of principal, plus accrued and unpaid interest through the day before redemption.
2. Interest savings
The redemption will bring total debt retired since July 2026 to approximately $265 million. Calumet said those debt reductions will generate approximately $26 million in annual cash interest savings.
