Calumet redeems $150M of 9.75% senior notes, cutting debt by $265M since July 2026

Calumet, Inc. announced it will redeem $150 million of its 9.75% senior notes due 2028 on October 25, 2026, at a premium price. This move follows a prior redemption of $100 million in July and the repayment of a $15.5 million asset financing, totaling about $265 million in debt reduction since mid-2026. The company aims to strengthen its balance sheet and reduce interest expenses, expecting annual cash interest savings of approximately $26 million. Calumet plans to continue deleveraging while pursuing growth in its Specialties and Montana Renewables businesses.

Calumet Inc.'s stock trades at USD 57.20 on Pluang as of Oct 15, 2026 18:11 WIB, close to its 52-week high of USD 59.05 and well above its 52-week low of USD 18.19. Despite the recent debt reduction moves, the stock shows a slight 1-day decline of 0.57%. This contrast highlights the market's sustained confidence in Calumet's balance sheet strengthening efforts amid its ongoing deleveraging strategy.