# Calumet to Redeem $150 Million in Senior Notes to Cut Debt

- URL: https://stocks.freetheai.org/news/calumet-to-redeem-150-million-in-senior-notes-to-cut-debt-880ba6
- Published: 2026-10-15T11:01:00Z
- Category: company_news; sentiment: bullish; impact: medium
- Symbols: [NASDAQ:CLMT](https://stocks.freetheai.org/symbols/NASDAQ-CLMT)
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Calumet, Inc. (NASDAQ:CLMT) has issued a notice to redeem $150 million of its outstanding 9.75% Senior Notes due 2028. The redemption is scheduled for October 25, 2026, at a cash redemption price equal to 102.438% of the principal amount, plus accrued and unpaid interest.

This decision builds on prior financial moves completed earlier this year, including the July redemption of $100 million of 2028 notes and the repayment of a $15.5 million terminal financing arrangement. With this latest call, the company has retired approximately $265 million in total debt over a four-month span.

Management expects the debt retirement to yield about $26 million in annual cash interest savings, helping lower ongoing interest expense and strengthen the balance sheet. Following the news, shares of Calumet fell 1.81% to $57.53. The company aims to maintain operational momentum while continuing to deleverage and advance growth in its Specialties and Montana Renewables divisions.

## Key points

- Calumet, Inc. issued a redemption notice for $150 million of its 9.75% Senior Notes due 2028, scheduled for October 25, 2026.
- The cash redemption price is set at 102.438% of the principal amount plus accrued and unpaid interest.
- Total debt retired since July 2026 reaches approximately $265 million, including prior note redemptions and loan payoff.
- The combined balance sheet actions are expected to generate around $26 million in annual cash interest savings.

## Questions and answers

### How much debt is Calumet redeeming in October 2026?

Calumet is redeeming $150 million of its 9.75% Senior Notes due 2028 on October 25, 2026.

### How much annual interest will Calumet save from debt retirement?

The total debt reduction of approximately $265 million since July 2026 will produce about $26 million in annual cash interest savings.

### What is the redemption price for Calumet's 2028 notes?

The notes will be redeemed at a cash price of 102.438% of principal, plus accrued and unpaid interest.