Attached files
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8-K - FORM 8-K - Calumet Specialty Products Partners, L.P. | h68975e8vk.htm |
EX-5.1 - EX-5.1 - Calumet Specialty Products Partners, L.P. | h68975exv5w1.htm |
EX-8.1 - EX-8.1 - Calumet Specialty Products Partners, L.P. | h68975exv8w1.htm |
EX-1.1 - EX-1.1 - Calumet Specialty Products Partners, L.P. | h68975exv1w1.htm |
EX-99.1 - EX-99.1 - Calumet Specialty Products Partners, L.P. | h68975exv99w1.htm |
Exhibit 99.2
Calumet Specialty Products Partners, L.P. Prices Common Unit Offering
Indianapolis, IN (December 8, 2009) Calumet Specialty Products Partners, L.P. (NASDAQ:
CLMT) (Calumet) announced today that it priced an underwritten public offering of 3,000,000
common units representing limited partnership interests at $18.00 per unit. Calumet also granted the
underwriters a 30-day option to purchase up to 450,000 additional common units at the same price.
Calumet
intends to use the net proceeds, including its general partners
proportionate capital contribution, from this offering
to repay approximately $52.2 million
of borrowings estimated to be outstanding at the closing of the offering under its revolving credit
facility, of which approximately $30.0 million was borrowed, or is expected to be borrowed shortly
after the closing of the offering, to finance Calumets incremental working capital requirements
related to its previously announced specialty products agreements with a subsidiary of
LyondellBasell, which were effective November 4, 2009. The net proceeds from any exercise of the
underwriters option to purchase additional common units will be used to either pay down additional
borrowings outstanding under its revolving credit facility or for general partnership purposes. The
offering is expected to close on December 14, 2009.
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.
Goldman, Sachs & Co. and Barclays Capital are acting as joint book-running managers for the
offering. A copy of the prospectus and related prospectus supplement associated with this offering
may be obtained from the underwriters as follows:
Goldman, Sachs & Co.
Attn: Prospectus Department
85 Broad Street
New York, NY 10004
E-mail: Prospectus-ny@ny.email.gs.com
Telephone: 1-866-471-2526
Attn: Prospectus Department
85 Broad Street
New York, NY 10004
E-mail: Prospectus-ny@ny.email.gs.com
Telephone: 1-866-471-2526
Barclays Capital Inc.
c/o Broadridge
Integrated Distribution Services
1155 Long Island Avenue
Edgewood, NY 11717
E-mail: Barclaysprospectus@broadridge.com
Telephone: 1-888-603-5847
c/o Broadridge
Integrated Distribution Services
1155 Long Island Avenue
Edgewood, NY 11717
E-mail: Barclaysprospectus@broadridge.com
Telephone: 1-888-603-5847
The issuer has filed a registration statement (including a prospectus) with the SEC for the
offering to which this communication relates. Before you invest, you should read the prospectus in
that registration statement, the related prospectus supplement associated with this offering, and
other documents the issuer has filed with the SEC for more complete information about the issuer
and this offering. You may get these documents for free by visiting EDGAR on the SEC website at
www.sec.gov. Alternatively, the issuer, any underwriter, or any dealer participating in the
offering will arrange to send you the prospectus and the related prospectus supplement if you
request them by calling any of the underwriters toll-free at the phone numbers listed above.
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, and waxes 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 five plants located in northwest Louisiana, western
Pennsylvania, and southern Texas, and a terminal located in Burnham, Illinois.
This press release includes statements regarding the 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 managements control. Factors that can affect future results are discussed in Calumets
Annual Report on Form 10-K and other reports filed by Calumet from time to time with the SEC.
Calumet undertakes no obligation to update or revise any forward-looking statement to reflect new
information or events.