Calumet Extends Senior Secured Revolving Credit Facility to January 2031

Calumet (NASDAQ: CLMT) amended its senior secured asset-based revolving credit facility, extending the maturity from January 2027 to January 2031.

Rhea-AI Summary

Calumet (NASDAQ: CLMT) amended its senior secured asset-based revolving credit facility, extending the maturity from January 2027 to January 2031. The amended facility provides for $500 million of total commitments, subject to borrowing base limitations, and is led by Bank of America as agent.

The change expands the bank group and optimizes potential borrowing base capacity following the divestiture of the industrial portion of the Royal Purple business, aiming to extend the company’s overall debt maturity profile.

Positive

• Maturity extended to January 2031
• $500 million total commitments under amended facility
• Bank group expansion led by Bank of America

Negative

• Availability is subject to borrowing base limitations
• Royal Purple industrial divestiture reduced borrowing base potential

Argus Jan 29 session

+3.71% close to close Open Argus

Details

News Market Reaction – CLMT

On Jan 29, the first trading day after this news, CLMT closed 3.71% above the previous close.

Data tracked by StockTitan Argus for the Jan 29 session.

Key Figures

ABL commitments: $500 million ABL prior maturity: January 2027 ABL new maturity: January 2031 +1 more

ABL commitments

$500 million

Total commitments under amended revolving credit facility

ABL prior maturity

January 2027

Original maturity date of asset-based loan facility

ABL new maturity

January 2031

Extended maturity date of revolving credit facility

Operating facilities

12 facilities

Number of Calumet facilities across North America

Historical Context

5 past events · Latest: Jan 12

5 events

1. Jan 12

   Notes offering completed

   24h Move

   -0.5%

   Completion of upsized $405M 9.75% senior notes to refinance higher-coupon debt.

2. Jan 09

   Conference participation

   24h Move

   -1.3%

   Announcement of attendance and investor meetings at UBS energy and utilities conference.

3. Jan 07

   Notes pricing

   24h Move

   +1.8%

   Pricing of upsized $405M 9.75% senior notes due 2031 under Rule 144A/Reg S.

4. Jan 06

   Debt refinancing plan

   24h Move

   +0.4%

   Proposed $350M senior notes to fund redemptions of 2026 and 2027 notes.

5. Jan 05

   Prelim FY25 results

   24h Move

   +0.4%

   Preliminary 2025 net loss range, EBITDA range, and liquidity and debt reduction update.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

asset-based loan, revolving credit facility, Form 8-K

3 terms

asset-based loan financial

"it has amended its existing asset-based loan (ABL) facility to extend"

A loan secured by a company's tangible assets—such as inventory, accounts receivable, equipment or real estate—that the lender can take or sell if the borrower can't repay. Think of it like pawning a valuable item to get cash: it gives a business faster access to funds while reducing risk for the lender, and investors watch these loans because they affect a company's liquidity, borrowing cost, and how easily creditors can recover money in trouble.

revolving credit facility financial

""Our amended revolving credit facility further extends our overall debt"

A revolving credit facility is a type of loan that a business can borrow from whenever it needs money, up to a set limit. It’s like having a credit card for companies—allowing them to borrow, pay back, and borrow again as needed, providing flexibility for managing cash flow or funding short-term expenses.

Form 8-K regulatory

"please see the Current Report on Form 8-K that will be filed"

A Form 8-K is a report that companies file with the government to share important news quickly, such as changes in leadership, major business deals, or financial updates. It matters because it helps investors stay informed about significant events that could affect the company's value or stock price.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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INDIANAPOLIS, Jan. 28, 2026 /PRNewswire/ -- Calumet, Inc. (NASDAQ: CLMT) (the "Company" or "Calumet") today announced that it has amended its existing asset-based loan (ABL) facility to extend the maturity date from January 2027 to January 2031.  The amended facility provides for total commitments of $500 million, subject to borrowing base limitations, and is led by Bank of America, N.A., as agent for a group of lenders. 

"Our amended revolving credit facility further extends our overall debt maturity profile and expands our bank group, while optimizing the size of the potential borrowing base capacity following the divestiture of the industrial portion of our Royal Purple® business," said David Lunin, Executive Vice President and CFO. "I'd like to thank the lending group for their continued support."

For more information, please see the Current Report on Form 8-K that will be filed with the Securities and Exchange Commission (the "SEC").

About Calumet

Calumet, Inc. (NASDAQ: CLMT) manufactures, formulates and markets a diversified slate of specialty branded products and renewable fuels to customers across a broad range of consumer-facing and industrial markets. Calumet is headquartered in Indianapolis, Indiana and operates twelve facilities throughout North America.

Cautionary Statement Regarding Forward-Looking Statements

Certain statements and information in this press release may constitute "forward-looking statements." The words "will," "may," "intend," "believe," "expect," "outlook," "forecast," "anticipate," "estimate," "continue," "plan," "should," "could," "would," or other similar expressions are intended to identify forward-looking statements, which are generally not historical in nature. The statements discussed in this press release that are not purely historical data are forward-looking statements. These forward-looking statements are based on our current expectations and beliefs concerning future developments and their potential effect on us. While our management considers these assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory and other risks, contingencies and uncertainties, most of which are difficult to predict and many of which are beyond our control. Accordingly, our actual results may differ materially from the future performance that we have expressed or forecast in our forward-looking statements. For additional information regarding known material risks, uncertainties and other factors that can affect future results, please see our filings with the Securities and Exchange Commission ("SEC"), including the risk factors and other cautionary statements in the latest Annual Report on Form 10-K of the Company and other filings with the SEC by the Company. We undertake no obligation to publicly update or revise any forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise, except to the extent required by applicable law.

 

View original content:https://www.prnewswire.com/news-releases/calumet-extends-senior-secured-revolving-credit-facility-to-january-2031-302673150.html

SOURCE Calumet, Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What change did Calumet (CLMT) make to its credit facility on January 28, 2026?

Calumet extended its asset-based revolving credit facility maturity from January 2027 to January 2031. According to Calumet, the amendment increases stability by lengthening the company’s debt maturity profile and maintains committed capacity under new terms.

How large is the amended credit commitment for Calumet (CLMT)?

The amended facility provides total commitments of $500 million, subject to borrowing base limits. According to Calumet, the $500 million figure represents the aggregate commitments available from the lending group under the amended ABL.

Who is the lead lender for Calumet's (CLMT) amended revolving credit facility?

Bank of America, N.A. is the agent leading the lender group on the amended facility. According to Calumet, Bank of America led a syndicated group that agreed to the extended credit commitments and terms.

When will the amended Calumet (CLMT) credit facility mature and what does that mean for liquidity?

The amended facility matures in January 2031, extending near-term debt maturities to 2031. According to Calumet, this extension is intended to improve debt maturity scheduling and provide longer-term liquidity visibility for operations.

How does the Royal Purple divestiture affect Calumet's (CLMT) borrowing base?

The divestiture of the industrial portion of Royal Purple optimized and reduced potential borrowing base capacity. According to Calumet, the amendment adjusts the facility size to reflect changes in collateral and borrowing base following the divestiture.