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Calumet Specialty Products Partners, L.P. Announces Public Offering of Common Units

January 7, 2013

INDIANAPOLIS, Jan. 7, 2013 /PRNewswire/ – Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) (“Calumet”) announced today the commencement, subject to market conditions, of an underwritten public offering of 5,000,000 common units. Calumet also intends to grant the underwriters the option to purchase up to 750,000 additional common units.

Calumet intends to use the net proceeds from this common units 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 preliminary prospectus supplement and accompanying base prospectus relating to the offering by visiting EDGAR on the SEC website at www.sec.gov or the underwriters as follows:

    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: prospectus-ny@ny.email.gs.com
    E-mail: barclaysprospectus@broadridge.com Telephone:_(866)_471-2526
    Telephone: 1-888-603-5847                 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
    E-mail: dg.prospectus_requests@baml.com

    Credit Suisse Securities (USA) LLC        RBC Capital Markets, LLC
    Prospectus Department                     Attn: Prospectus Department
    One Madison Avenue                        Three World Financial Center
    New York, NY 10010-3629, USA              200 Vesey Street, 8th Floor
    Phone: (800) 221-1037                     New York, NY 10281-8098
                                              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 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.


Source: PR Newswire