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Calumet Specialty Products ( (CLMT) ) just unveiled an announcement.
On January 12, 2026, Calumet’s subsidiaries Calumet Specialty Products Partners, L.P. and Calumet Finance Corp. completed an upsized private placement of $405 million in 9.75% senior notes due 2031, issued at 98.996% of par for net proceeds of about $393 million. The offering, increased from an originally planned $350 million and described as oversubscribed, will be used alongside cash on hand and borrowings under Calumet’s revolving credit facility to redeem the company’s outstanding 11.00% senior notes due 2026 and 8.125% senior notes due 2027, effectively eliminating near-term senior note maturities. Management linked the strong investor demand to more than $220 million of restricted group debt reduction in 2025 and over $120 million of cash generation in the second half of 2025, positioning Calumet with a longer debt maturity runway to support continued cash flow from its specialties segment and the expansion of its Montana Renewables MaxSAF 150 project.
The most recent analyst rating on (CLMT) stock is a Hold with a $20.00 price target. To see the full list of analyst forecasts on Calumet Specialty Products stock, see the CLMT Stock Forecast page.
Spark’s Take on CLMT Stock
According to Spark, TipRanks’ AI Analyst, CLMT is a Neutral.
The score is primarily held back by weak financial fundamentals—negative equity, persistent losses, and negative operating/free cash flow. Partly offsetting this are a moderately constructive technical setup and a comparatively positive earnings-call backdrop with stronger EBITDA, cost reductions, and strategic progress, though valuation remains challenged due to negative earnings and no stated dividend support.
To see Spark’s full report on CLMT stock, click here.
More about Calumet Specialty Products
Calumet, Inc. (NASDAQ: CLMT) manufactures, formulates and markets a diversified slate of specialty branded products and renewable fuels for a broad range of consumer-facing and industrial markets. Headquartered in Indianapolis, Indiana, the company operates twelve facilities across North America, supporting its specialties business and its Montana Renewables platform.
Average Trading Volume: 719,079
Technical Sentiment Signal: Buy
Current Market Cap: $1.75B
See more insights into CLMT stock on TipRanks’ Stock Analysis page.