Calumet Specialty Products Partners, L.P. Prices Common Unit Offering

    Calumet Specialty Products Partners, L.P. Prices Common Unit Offering

PR Newswire

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
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 prospectus
supplement and accompanying base prospectus relating to the offering by
visiting EDGAR on the SEC website at 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
222 Broadway
                                          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
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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