Calumet Specialty Offers 4.5M Shares (CLMT)

Calumet Specialty Products Partners, L.P. CLMT announced today the commencement of an underwritten public offering of 4,500,000 common units. Calumet also intends to grant the underwriters the option to purchase up to 675,000 additional common units. Calumet intends to use the net proceeds from this offering to repay borrowings outstanding under its revolving credit facility. Additional net proceeds, if any, will be used 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 by 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. Goldman, Sachs & Co., Barclays Capital Inc. and Deutsche Bank Securities Inc. are acting as joint book-running managers for the offering. Credit Suisse Securities (USA) LLC, RBC Capital Markets Corporation and Oppenheimer & Co. are acting as co-managers for the offering. A copy of the prospectus and related preliminary prospectus supplement associated with this offering may be obtained from the underwriters as follows: