Calumet, Inc. Amends Credit Facility; Increases Commitments to $600M

What Happened

• Calumet, Inc. announced on September 11, 2026 that it entered into an Eleventh Amendment to its Third Amended and Restated Credit Agreement (with Bank of America, N.A. as administrative agent) and a Fourth Amendment to its Monetization Master Agreement with J. Aron & Company LLC. The amendments increase the credit commitments under the Credit Agreement from $500.0 million to $600.0 million, subject to borrowing base limitations. The company filed the amendments as exhibits to its Form 8‑K.

Key Details

• Amendment date: September 11, 2026.
• Credit commitment increase: $500.0 million → $600.0 million (subject to borrowing base limits).
• Parties: Calumet/affiliates, Bank of America, N.A. (administrative agent), and J. Aron & Company LLC for the monetization agreement.
• Filing: Eleventh Amendment and Fourth Amendment were filed as Exhibits 10.1 and 10.2 to the Form 8‑K.

Why It Matters

• The amendments expand Calumet’s available credit capacity, which can provide additional liquidity and flexibility for operations or other corporate needs.
• Because the change increases the company’s credit commitments, it constitutes a material agreement and a creation (or enlargement) of a direct financial obligation under SEC reporting rules.
• The increase is subject to borrowing base limitations, so actual availability will depend on collateral and facility terms; investors should watch future disclosures for borrowing usage, interest terms, and any changes to covenants.