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Calumet Specialty Products ( (CLMT) ) has issued an announcement.
On January 7, 2026, Calumet and its subsidiaries priced an upsized $405 million private placement of 9.75% senior notes due 2031, issued at 98.996% of par in a Rule 144A/Reg S offering, with closing expected on January 12, 2026. The company plans to use the approximately $393 million in net proceeds, together with cash on hand and borrowings under its revolving credit facility, to redeem all of its outstanding 11.00% senior notes due 2026 and 8.125% senior notes due 2027, a move that restructures its debt maturity profile and consolidates funding through a higher-coupon but longer-dated instrument, with several initial purchasers and their affiliates also positioned as creditors, agents under its revolver, and derivatives counterparties.
The most recent analyst rating on (CLMT) stock is a Hold with a $19.50 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.
Score is held back primarily by weak financial health (losses, negative equity, and negative TTM operating/free cash flow). More supportive factors include a constructive earnings outlook with strong EBITDA and cost reductions plus a refinancing plan to extend maturities, while technicals are neutral-to-slightly supportive and valuation remains pressured by unprofitable earnings and no dividend.
To see Spark’s full report on CLMT stock, click here.
More about Calumet Specialty Products
Calumet, Inc. (NASDAQ: CLMT) is a manufacturer, formulator and marketer of a diversified slate of specialty branded products and renewable fuels, serving a broad range of consumer-facing and industrial markets. Headquartered in Indianapolis, Indiana, the company operates twelve facilities across North America, positioning it as a notable player in specialty products and renewable fuels within the energy and industrial sectors.
Average Trading Volume: 706,923
Technical Sentiment Signal: Buy
Current Market Cap: $1.7B
For a thorough assessment of CLMT stock, go to TipRanks’ Stock Analysis page.