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Calumet Specialty Products Partners l p   (CLMT)
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 CLMT $14.8600 $1.0600 7.68%

 Volume (M): 125   Open : 14.25    52 Wk Avg :  16.50

 
 CLMT $14.8600 $1.0600 7.68%

 Volume (M): 125   Open : 14.25    52 Wk Avg :  16.50




CLMT Today's High: $14.935 CLMT Shares One Week Perf: 2.62 %
CLMT Today's Low: $ 14.25 CLMT Shares 30 Day Performance: -5.65 %
Number of CLMT Shares Traded (M): 125 CLMT Share Price 52 Wk High: $ 19.91
Value of CLMT's Shares Traded (M$): $ 1,863 CLMT Share Price 52 Wk Avg: $16.50
Share Price at the Open: $14.25 CLMT's Share Price 52 Wk Low: $11.91



  News about Calumet Specialty Products Partners l p's Stock Splits and Dividends

Calumet Specialty Products Partners Successfully Completes Notes Offering, Repays Debt, and Enhances Financial Position

Calumet Completes Notes Offering, Retires Senior Secured First Lien Notes due 2024 and Calls $50 million of Senior Notes due 2025
INDIANAPOLIS, March 12, 2024 - Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) and its wholly-owned subsidiary Calumet Finance Corp. announced the successful completion of a notes offering, in addition to retiring senior secured first lien notes due in 2024 and calling $50 million of senior notes due in 2025.
The offering, which was oversubscribed, saw an overwhelming response from investors, demonstrating their confidence in Calumet's future prospects. The partnership issued $250 million aggregate principal amount of 5.75% senior unsecured notes due in 2029. These notes were priced at 100% of the principal amount and will bear an interest rate of 5.75% per annum. The proceeds from the offering were primarily used to repay the outstanding balance of the senior secured first lien notes due in 2024 and to retire a portion of the senior notes due in 2025.
The retirement of the senior secured first lien notes due in 2024 signals a significant milestone for Calumet. By taking advantage of the favorable interest rate environment, the company has successfully reduced its debt load and lowered its interest expense. This strategic move enables Calumet to strengthen its financial position and enhance its growth initiatives moving forward.





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