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Calumet to Redeem $100 Million of 9.75% Senior Notes due 2028

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Calumet (CLMT) subsidiaries will redeem all outstanding $100 million of 9.75% senior notes due 2028 on July 15, the company said Wednesday.

The notes, issued in January 2025, will be redeemed at 102.438% of principal, plus accrued and unpaid interest, the company said.

The move supports the company's efforts to strengthen its balance sheet and reduce interest expense, said Chief Financial Officer David Lunin, adding that Calumet also reduced borrowings under its revolving credit facility during Q2.

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