Calumet announced an amended its existing asset-based loan (ABL) facility to extend the maturity date from January 2027 to January 2031.  The amended facility provides for total commitments of $500 million, subject to borrowing base limitations, and is led by Bank of America, as agent for a group of lenders. 

"Our amended revolving credit facility further extends our overall debt maturity profile and expands our bank group, while optimizing the size of the potential borrowing base capacity following the divestiture of the industrial portion of our Royal Purple® business," said David Lunin, Executive Vice President and CFO. "I'd like to thank the lending group for their continued support."

Calumet manufactures, formulates and markets a diversified slate of specialty branded products and renewable fuels to customers across a broad range of consumer-facing and industrial markets. Calumet is headquartered in Indianapolis, Indiana and operates twelve facilities throughout North America.