Calumet 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,” David Lunin, executive vice president and chief financial officer of Calumet, said. “I’d like to thank the lending group for their continued support.”
