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Fly News Breaks for March 8, 2018
CLMT
Mar 8, 2018 | 07:07 EDT
Calumet Specialty Products and its wholly owned subsidiary Calumet Finance have called for redemption of all of the $400M aggregate principal amount of their outstanding 11.5% Senior Secured Notes due 2021. The Partnership expects the redemption to be completed on April 9, and holders will receive a redemption price of 100.0% of the principal amount thereof, plus accrued and unpaid interest thereon up to, but not including, the Redemption Date, plus a Make Whole Premium. Additionally, the Partnership reached an agreement with its lenders for the renewal of its corporate revolving credit facility under a new five-year term.
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