Welcome to our dedicated page for Calumet news (Ticker: CLMT), a resource for investors and traders seeking the latest updates and insights on Calumet stock.
Calumet, Inc. reports developments across its specialty products, branded performance products and renewable fuels operations. The company manufactures, formulates and markets specialty branded products and renewable fuels for consumer-facing and industrial markets, with recurring updates tied to Specialty Products & Solutions, Montana Renewables and Performance Brands.
Company news commonly covers quarterly results, Adjusted EBITDA commentary, RINs and other environmental attributes, facility operations at Shreveport, Montana Renewables projects including MaxSAF®, and product activity such as TruFuel®. Other recurring items include senior-note and credit-facility actions, shareholder voting matters, board composition and investor-event participation.
Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) plans to report its fiscal second quarter 2020 results on August 6, 2020. A conference call is scheduled for the same day at 9:30 AM ET, where financial and operational outcomes will be discussed. Investors, analysts, and media can join via a webcast available on the Partnership's website, with a replay accessible shortly after the event. Calumet specializes in producing high-quality hydrocarbon products, including lubricants and fuels, across several manufacturing facilities in North America.
Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) has announced the early results of its private exchange offer for holders of its 7.625% Senior Notes due 2022, allowing them to exchange for newly issued 9.25% Senior Secured First Lien Notes due 2024. As of July 20, 2020, approximately 55.9% of the 2022 Notes and 65.8% of the 2025 Notes' holders have participated. The Exchange Offer and Consent Solicitation will expire on July 31, 2020. Barclays is the sole dealer manager for the Exchange Offer.
Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) has announced early results from its private exchange offer for 7.625% Senior Notes due 2022, allowing holders to exchange their notes for newly issued 9.25% Senior Secured First Lien Notes due 2024. As of July 17, 2020, $308.5 million of the $350 million outstanding 2022 Notes were tendered, making the offer oversubscribed. Eligible holders can receive $1,000 of new notes for every $1,000 of 2022 Notes tendered before the expiration time on July 31, 2020, with a settlement date expected on August 5, 2020.
Calumet Specialty Products Partners (NASDAQ: CLMT) announced a private exchange offer targeting holders of its 7.625% Senior Notes due 2022. With backing from a significant portion of note holders (55.9% of 2022 Notes and 65.8% of 2025 Notes), Calumet aims to exchange up to $200 million of these notes for newly issued 9.25% Senior Secured First Lien Notes due 2024. Eligible holders can participate by tendering their notes by July 17, 2020, to receive $1,000 for each $1,000 principal amount of old notes. A consent solicitation for amendments regarding the 11.00% Senior Notes due 2025 is also underway.
Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) has shared an update regarding its liquidity position and second-quarter performance amid the COVID-19 pandemic. The company expects cash flow from operating activities to exceed $60 million in Q2, with approximately $245 million in liquidity at quarter-end. This includes $105 million in cash and $140 million in undrawn credit. CEO Steve Mawer expressed optimism about future demand recovery, highlighting effective management despite economic challenges.