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Calumet Specialty Products Partners LP, the Indianapolis-based refiner of specialty hydrocarbon products, plans to sell $450
million of senior notes.
Proceeds will be used to repay bank debt, the company said Monday in a prepared statement. Calumet Specialty plans to market
the 10-year notes beginning Monday through July 16, according to a person familiar with the transaction.
The notes may be rated mid-single B, said the person, who declined to be identified because terms aren’t set.
Calumet lost $13 million in its latest fiscal quarter even though sales rose 17 percent, to $485 million. Shares were up
7 cents this morning, to $18.49 each.
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