On September 11, 2026, Calumet, Inc. filed a Current Report on Form 8-K disclosing an amendment to its existing credit agreement. The company entered into the Eleventh Amendment to the Third Amended and Restated Credit Agreement. This agreement was originally dated February 23, 2018, and involves the company, Calumet Specialty Products Partners, L.P., various subsidiaries, lenders, and Bank of America, N.A., which serves as the administrative agent.
The Eleventh Amendment modifies the terms of the Credit Agreement to increase the total commitments available to the company. The commitments are raised from $500.0 million to $600.0 million. This increase is subject to borrowing base limitations.
In connection with the credit agreement amendment, the company also executed the Fourth Amendment to the Monetization Master Agreement. This agreement was originally dated January 17, 2024, and involves the Partnership, J. Aron & Company LLC, and certain subsidiaries. The Fourth Amendment modifies the Monetization Master Agreement to permit the increase in commitments under the Credit Agreement.
