Calumet Specialty Products Partners, L.P. Announces Public Offering of Common Units

Calumet Specialty Products Partners, L.P. Announces Public Offering of Common

PR Newswire

INDIANAPOLIS, Jan. 7, 2013

INDIANAPOLIS, Jan. 7, 2013 /PRNewswire/ --Calumet Specialty Products
Partners, L.P. (NASDAQ: CLMT) ("Calumet") announced today the commencement,
subject to market conditions, of an underwritten public offering of 5,000,000
common units. Calumet also intends to grant the underwriters the option to
purchase up to 750,000 additional common units.

Calumet intends to use the net proceeds from this common units offering,
including a proportionate capital contribution from its general partner, to
repay borrowings outstanding under its revolving credit facility and for
general partnership purposes, including working capital, capital expenditures
and acquisitions.

This press release shall not constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of these securities in any
state in which such offer, solicitation, or sale would be unlawful prior to
registration or qualification under the securities laws of such states.

Barclays Capital Inc., Goldman, Sachs & Co., Merrill Lynch, Pierce, Fenner &
Smith Incorporated, J.P. Morgan Securities LLC, Credit Suisse Securities (USA)
LLC and RBC Capital Markets, LLC are acting as joint book-running managers for
the offering. An investor may obtain a free electronic copy of the preliminary
prospectus supplement and accompanying base prospectus relating to the
offering by visiting EDGAR on the SEC website at or the
underwriters as follows:

Barclays Capital Inc.                     Goldman, Sachs & Co.

c/o Broadridge Financial Solutions        Attention: Prospectus Department

1155 Long Island Avenue                   200 West Street, New York, NY 10282

Edgewood, NY 11717                        E-mail:
Telephone: 1-888-603-5847                 Facsimile: (212) 902-9316

Merrill Lynch, Pierce, Fenner & Smith     J.P. Morgan Securities LLC

 Incorporated         via Broadridge Financial Solutions

Attention: Prospectus Department          1155 Long Island Avenue

222 Broadway                              Edgewood, New York 11717

New York, NY 10038                        Toll Free: (866) 803-9204


Credit Suisse Securities (USA) LLC        RBC Capital Markets, LLC

Prospectus Department                   Attn: Prospectus Department

One Madison Avenue                       Three World Financial Center

New York, NY 10010-3629, USA             200 Vesey Street, 8th Floor

Phone: (800) 221-1037                     New York, NY 10281-8098

                                         Phone: (877) 822-4089


Calumet is a master limited partnership and is a leading independent producer
of high-quality, specialty hydrocarbon products in North America. Calumet
processes crude oil and other feedstocks into customized lubricating oils,
solvents, waxes and asphalt used in consumer, industrial, and automotive
products. Calumet also produces fuel products including gasoline, diesel and
jet fuel. Calumet is based in Indianapolis, Indiana and has eleven plants
located in northwest Louisiana, northwest Wisconsin, northern Montana, western
Pennsylvania, Texas and eastern Missouri.

This press release includes statements regarding this common units offering
that may constitute forward-looking statements. Such forward-looking
statements are subject to a variety of known and unknown risks, uncertainties,
and other factors that are difficult to predict and many of which are beyond
management's control. Known material risks, uncertainties and other factors
that can affect future results are discussed in Calumet's Annual Report on
Form 10-K and other reports filed by Calumet from time to time with the
Securities and Exchange Commission. Calumet undertakes no obligation to update
or revise any forward-looking statement to reflect new information or events.

SOURCE Calumet Specialty Products Partners, L.P.

Contact: Jennifer Straumins, +1-317-328-5660,
Press spacebar to pause and continue. Press esc to stop.