INDIANAPOLIS, March 1, 2016 /PRNewswire/ -- Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) ("Calumet") and its wholly owned subsidiary, Calumet Finance Corp., announced today that it will extend its offer to exchange (the "Exchange Offer") up to $325,000,000 aggregate principal amount of its outstanding unregistered 7.75% Senior Notes due 2023 (the "Old Notes") for up to $325,000,000 aggregate principal amount of its 7.75% Senior Notes due 2023 that have been registered under the Securities Act of 1933, as amended. All other terms of the Exchange Offer, as described in the prospectus dated January 29, 2016, remain unchanged.
The Exchange Offer will now expire at 5:00 p.m. (ET) on March 7, 2016, unless further extended by Calumet. The Exchange Offer was scheduled to expire at 5:00 p.m. (ET) on February 29, 2016. Calumet has been advised by its exchange agent that, as of 5:00 p.m. (ET) on February 29, 2016, $324,150,000 in aggregate principal amount of Old Notes, representing approximately 99.74% of the outstanding aggregate principal amount of the Old Notes, had been tendered and not validly withdrawn. The Exchange Offer is being extended to provide holders of the Old Notes who have not yet tendered their notes for exchange additional time to do so.
This press release is for informational purposes only and is not an offer to buy or sell or the solicitation of an offer to buy or sell any of the securities described herein, nor shall there be any offer, solicitation or sale of such securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. A registration statement on Form S-4 relating to the Exchange Offer was declared effective by the Securities and Exchange Commission on January 28, 2016. The Exchange Offer was made only pursuant to the Exchange Offer documents that were distributed to holders of the Old Notes, including the prospectus dated January 29, 2016, and the related letter of transmittal.
About Calumet Specialty Products Partners, L.P.
Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) is a leading independent producer of high-quality, specialty hydrocarbon products in North America. Calumet is headquartered in Indianapolis, Indiana, and owns specialty and fuel products facilities primarily located in northwest Louisiana, northwest Wisconsin, northern Montana, western Pennsylvania, Texas, New Jersey, eastern Missouri and North Dakota.
SOURCE Calumet Specialty Products Partners, L.P.