News Releases

Baker Botts Represents Sales Agent in Calumet, Inc.'s Commencement of $65 Million "At-the-Market" Program

Release

Deal Description: Calumet, Inc. (NASDAQ: CLMT) (“Calumet”) has established an at-the market equity issuance program (the “ATM Program”) and entered into an Equity Distribution Agreement, dated January 14, 2025, with BMO Capital Markets Corp., as sales agent, under which Calumet may issue and sell, at its discretion from time to time, shares of its common stock having an aggregate offering price of up to $65 million. Calumet intends to use the net proceeds from the ATM Program for general corporate purposes, which may include, among other things, repayment of indebtedness, working capital and capital expenditures.

Baker Botts L.L.P. represented the sales agent.

Calumet’s press release can be found here.

Baker Botts Lawyers/Office Involved:

Corporate: Eileen Boyce (Partner, Houston); Joshua Davidson (Senior Counsel, Houston); Parker Hinman (Senior Associate, Houston); Austin Lee (Associate, Houston); Cade Luedde (Associate, Houston); Jack Hennessy (Associate, Houston)

Finance: Clint Culpepper (Partner, Austin); Caitlin Lawrence (Partner, Houston); Morgan Copher (Associate, Houston)

Tax: Chuck Campbell (Special Counsel, Houston)

Environmental: Elizabeth Singleton (Special Counsel, Houston)

ABOUT BAKER BOTTS L.L.P.
Baker Botts is an international law firm whose lawyers practice throughout a network of offices around the globe. Based on our experience and knowledge of our clients' industries, we are recognized as a leading firm in the energy, technology and life sciences sectors. Since 1840, we have provided creative and effective legal solutions for our clients while demonstrating an unrelenting commitment to excellence. For more information, please visit bakerbotts.com.

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