Calumet Specialty Products Partners, L.P. Prices Common Unit Offering

Calumet Specialty Products Partners, L.P. announced that it priced an underwritten public offering of 6,000,000 common units at $25.50 per unit. Calumet also granted the underwriters a 30-day option to purchase up to 900,000 additional common units. This offering is expected to close on May 11, 2012, subject to customary closing conditions. 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. Barclays Capital Inc., BofA Merrill Lynch, Goldman, Sachs & Co. and J.P. Morgan Securities LLC are acting as joint book-running managers for the offering. Deutsche Bank Securities Inc., Credit Suisse Securities (USA) LLC and RBC Capital Markets, LLC are acting as co-managers for the offering.