Short answer
Calumet, Inc. /DE (CLMT) filed an 8-K current report with the SEC on March 13, 2026 reporting Item 1.01 (Entry into a Material Definitive Agreement), Item 8.01 (Other Events). $150M add-on offering of 9.75% Senior Notes due 2031, priced at 105% of par: net proceeds ~$154.9M after fees and accrued interest.
Calumet, Inc. /DE 8-K event analysis
AI summary of each reported item and its exhibits
Item 1.01 · Entry into a Material Definitive Agreement
- $150M add-on offering of 9.75% Senior Notes due 2031, priced at 105% of par: net proceeds ~$154.9M after fees and accrued interest
- Proceeds earmarked entirely for revolving credit facility repayment: balance sheet restructuring, not growth capex
- Add-on forms single series with $405M of existing 9.75% notes issued Jan 12, 2026: total 9.75% Senior Note stack now $555M at above-market coupon
- Tenth Amendment to credit agreement required to permit the new debt: signals revolver was a constraining facility needing covenant relief
- BofA and other Initial Purchasers are also revolver lenders, meaning proceeds flow directly back to them: notable conflict of interest
Item 8.01 · Other Events
- Calumet (CLMT) pricing additional notes: debt issuance event signaling new borrowing activity
- Full terms (size, rate, maturity) contained in referenced press release exhibit: investors should review for coupon and use of proceeds
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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