Calumet to Redeem $150M of 9.75% Notes Due 2028 Early
Calumet, Inc. (CLMT) will redeem $150 million of its 2028 notes on October 25, 2026, at 102.438% plus accrued interest. Total debt cut since July is about $265 million.
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what happened
Calumet, Inc. (CLMT) will redeem $150 million of its 9.75% Senior Notes due 2028 on October 25, 2026, at 102.438% of principal plus accrued interest, according to a press release distributed by PR Newswire. After the transaction, the debt the company has reduced since July 2026 will total about $265 million.
The redemption is expected to bring annual cash interest savings of approximately $26 million. In July, Calumet had already redeemed $100 million of notes as part of the same debt reduction plan.
why it matters
The move extends a deleveraging push that began with the July 2026 redemption of $100 million in notes. Calling the notes at a price above par means the company pays a premium over face value, which signals that cutting interest costs is a priority. Investors will watch for further debt paydowns and for evidence that Specialties and Montana Renewables can keep generating steady cash flow.
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sources
- Calumet, Inc. (CLMT) Redeems $150M of 9.75% Notes Due 2028, 15 October 2026 at 11:01 UTC
- Calumet to redeem $150M of notes due 2028 — seekingalpha.com, 15 October 2026 at 11:19 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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