News Releases

Calumet Specialty Products Partners, L.P. Prices Common Unit Offering
PR Newswire
INDIANAPOLIS

INDIANAPOLIS, March 26, 2013 /PRNewswire/ -- Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) ("Calumet") announced today that it priced an underwritten public offering of 5,250,000 common units at $37.50 per unit. Calumet also granted the underwriters a 30-day option to purchase up to 787,500 additional common units. This offering is expected to close on April 1, 2013, subject to customary closing conditions.

Calumet intends to use the net proceeds from this common unit offering, including a proportionate capital contribution from its general partner, for general partnership purposes, including working capital, capital expenditures, acquisitions and potentially the redemption or repurchase of outstanding notes.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such states.

Barclays Capital Inc., BofA Merrill Lynch, Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC and RBC Capital Markets, LLC are acting as joint book-running managers for the offering. Deutsche Bank Securities Inc., Goldman, Sachs & Co. and MLV & Co. LLC are acting as co-managers for the offering. An investor may obtain a free electronic copy of the prospectus supplement and accompanying base prospectus relating to the offering by visiting EDGAR on the SEC website at www.sec.gov or from the underwriters as follows:

    Barclays Capital Inc.                     BofA Merrill Lynch

    c/o Broadridge Financial Solutions        Attention: Prospectus Department

    1155 Long Island Avenue                   222 Broadway

    Edgewood, NY 11717                        New York, NY 10038

    E-mail: barclaysprospectus@broadridge.com E-mail: dg.prospectus_requests@baml.com

    Telephone: 1-888-603-5847



    Credit Suisse Securities (USA) LLC        J.P. Morgan Securities LLC

    Prospectus Department                     via Broadridge Financial Solutions

    One Madison Avenue                        1155 Long Island Avenue

    New York, NY 10010-3629, USA              Edgewood, New York 11717

    Phone: (800) 221-1037                     Toll Free: (866) 803-9204

    newyork.prospectus@credit-suisse.com





    RBC Capital Markets, LLC

    Attn: Prospectus Department

    Three World Financial Center

    200 Vesey Street, 8th Floor

    New York, NY 10281-8098

    Phone: (877) 822-4089

Calumet is a master limited partnership and is a leading independent producer of high-quality, specialty hydrocarbon products in North America. Calumet processes crude oil and other feedstocks into customized lubricating oils, solvents, waxes and asphalt used in consumer, industrial and automotive products. Calumet also produces fuel products including gasoline, diesel and jet fuel. Calumet is based in Indianapolis, Indiana and has eleven facilities located in northwest Louisiana, northwest Wisconsin, northern Montana, western Pennsylvania, Texas and eastern Missouri.

This press release includes statements regarding this common units offering that may constitute forward-looking statements. Such forward-looking statements are subject to a variety of known and unknown risks, uncertainties, and other factors that are difficult to predict and many of which are beyond management's control. Known material risks, uncertainties and other factors that can affect future results are discussed in the prospectus for the common units offering and Calumet's Annual Report on Form 10-K and other reports filed by Calumet from time to time with the Securities and Exchange Commission. Calumet undertakes no obligation to update or revise any forward-looking statement to reflect new information or events.

SOURCE Calumet Specialty Products Partners, L.P.

SOURCE: Calumet Specialty Products Partners, L.P.

Calumet Specialty Products Partners, L.P. Prices Common Unit Offering

PR Newswire

INDIANAPOLIS, March 26, 2013 /PRNewswire/ -- Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) ("Calumet") announced today that it priced an underwritten public offering of 5,250,000 common units at $37.50 per unit. Calumet also granted the underwriters a 30-day option to purchase up to 787,500 additional common units.  This offering is expected to close on April 1, 2013, subject to customary closing conditions.

Calumet intends to use the net proceeds from this common unit offering, including a proportionate capital contribution from its general partner, for general partnership purposes, including working capital, capital expenditures, acquisitions and potentially the redemption or repurchase of outstanding notes.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such states.

Barclays Capital Inc., BofA Merrill Lynch, Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC and RBC Capital Markets, LLC are acting as joint book-running managers for the offering. Deutsche Bank Securities Inc., Goldman, Sachs & Co. and MLV & Co. LLC are acting as co-managers for the offering. An investor may obtain a free electronic copy of the prospectus supplement and accompanying base prospectus relating to the offering by visiting EDGAR on the SEC website at www.sec.gov or from the underwriters as follows:

Barclays Capital Inc.

c/o Broadridge Financial Solutions

1155 Long Island Avenue

Edgewood, NY 11717

E-mail: barclaysprospectus@broadridge.com

Telephone: 1-888-603-5847

 

BofA Merrill Lynch

Attention: Prospectus Department

222 Broadway

New York, NY 10038

E-mail: dg.prospectus_requests@baml.com

Credit Suisse Securities (USA) LLC

Prospectus Department

One Madison Avenue

New York, NY 10010-3629, USA

Phone: (800) 221-1037

newyork.prospectus@credit-suisse.com

 

 

J.P. Morgan Securities LLC

via Broadridge Financial Solutions

1155 Long Island Avenue

Edgewood, New York 11717

Toll Free: (866) 803-9204

 

RBC Capital Markets, LLC

Attn: Prospectus Department

Three World Financial Center

200 Vesey Street, 8th Floor

New York, NY 10281-8098

Phone: (877) 822-4089


 

Calumet is a master limited partnership and is a leading independent producer of high-quality, specialty hydrocarbon products in North America. Calumet processes crude oil and other feedstocks into customized lubricating oils, solvents, waxes and asphalt used in consumer, industrial and automotive products. Calumet also produces fuel products including gasoline, diesel and jet fuel.  Calumet is based in Indianapolis, Indiana and has eleven facilities located in northwest Louisiana, northwest Wisconsin, northern Montana, western Pennsylvania, Texas and eastern Missouri.

This press release includes statements regarding this common units offering that may constitute forward-looking statements. Such forward-looking statements are subject to a variety of known and unknown risks, uncertainties, and other factors that are difficult to predict and many of which are beyond management's control. Known material risks, uncertainties and other factors that can affect future results are discussed in the prospectus for the common units offering and Calumet's Annual Report on Form 10-K and other reports filed by Calumet from time to time with the Securities and Exchange Commission. Calumet undertakes no obligation to update or revise any forward-looking statement to reflect new information or events.

SOURCE Calumet Specialty Products Partners, L.P.

CONTACT: Jennifer Straumins, 317-328-5660, jennifer.straumins@calumetspecialty.com

Web Site: http://www.calumetspecialty.com