Calumet Specialty Products Partners is seeking to raise around $375 million through the sale of senior unsecured notes. The bonds, which will mature in 2019, will be sold in the 144A private placement market. The specialty hydrocarbon products refiner and processor may use the net proceeds from the offering to repay all of the outstanding borrowings under its existing senior secured term loan facility. It will also use the proceeds for other general corporate purposes.
Click here for the release from PR Newswire.