Calumet to repay term loan using proceeds from note sale, revolver

By Susanna Moon

Chicago, April 11 - Calumet Specialty Products Partners, LP said it plans to repay all of the outstanding borrowings under its existing senior secured term loan facility.

The repayment will be made with proceeds from the company and its wholly owned subsidiary Calumet Finance Corp.'s $375 million issue of senior notes due 2019.

The company also will use drawdowns under its revolving credit facility.

Calumet is a producer of specialty hydrocarbon products and is based in Indianapolis.

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