Calumet Specialty Products Partners, L.P. Prices Common Unit Offering
INDIANAPOLIS, Jan. 8, 2013
INDIANAPOLIS, Jan. 8, 2013 /PRNewswire/ --Calumet Specialty Products
Partners, L.P. (NASDAQ: CLMT) ("Calumet") announced today that it priced an
underwritten public offering of 5,000,000 common units at $31.81 per unit.
Calumet also granted the underwriters a 30-day option to purchase up to
750,000 additional common units. This offering is expected to close on
January 11, 2013, subject to customary closing conditions.
Calumet intends to use the net proceeds from this common unit 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
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 prospectus
supplement and accompanying base prospectus relating to the offering by
visiting EDGAR on the SEC website at www.sec.gov or from the underwriters as
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 Telephone:_(866)_471-2526
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
Edgewood, New York 11717
New York, NY 10038
Toll Free: (866) 803-9204
RBC Capital Markets, LLC
Credit Suisse Securities (USA) LLC
Attn: Prospectus Department
Three World Financial Center
One Madison Avenue
200 Vesey Street, 8th Floor
New York, NY 10010-3629, USA
New York, NY 10281-8098
Phone: (800) 221-1037
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 fuel
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,
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