The Indianapolis-based manufacturer is clearing the notes, originally issued in January 2025, as part of a broader push to stabilize its financial position. CFO David Lunin noted that the move is intended to trim interest expenses, a process supported by recent reductions in borrowings under the company's revolving credit facility during the second quarter.

Calumet maintains that its current operating momentum provides the necessary headroom to continue deleveraging while simultaneously funding growth initiatives. Holders of the securities were previously notified of the redemption terms on July 2, 2026. The company, which operates twelve facilities across North America, produces a mix of renewable fuels and specialty branded products for industrial and consumer markets.