{"filing":{"accession_number":"0002013745-26-000029","cik":"0002013745","ticker":"CLMT","company_name":"Calumet, Inc. /DE","form":"8-K","filing_date":"2026-09-01","report_date":"2026-08-28","primary_document":"clmt-20260828.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/2013745/000201374526000029/clmt-20260828.htm"},"events":[{"id":30988,"run_id":28419,"accession_number":"0002013745-26-000029","anchor_item_number":"1.01","event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.85,"summary":"Calumet amended its $1.44 billion DOE loan guarantee agreement for Montana Renewables' renewable fuels facility, reducing the guaranteed loan principal to $815.8 million and restructuring the project from a large new-build to a series of smaller modular repurposing projects. The amendment materially restructures project scope, revises key covenants and conditions, and reflects a strategic shift in capital structure and project execution.","company_name":"Calumet, Inc. /DE","ticker":"CLMT","filing_date":"2026-09-01","form":"8-K","submitted_at":null,"items":[{"id":33753,"accession_number":"0002013745-26-000029","item_number":"1.01","item_title":"Entry into a Material Definitive Agreement.","event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.85,"reasoning":"The filing discloses a material amendment to a $1.44 billion DOE loan guarantee agreement for Montana Renewables' renewable fuels facility. While technically an amendment to an existing agreement rather than a new entry, the First Amendment materially restructures the project scope, reduces the guaranteed loan principal from $1.44 billion to $815.8 million, changes the project from a large new-build to a series of smaller repurposing projects, and revises key covenants and conditions. This restructuring of a material financing arrangement affecting the company's capital structure and project execution qualifies as a material definitive agreement entry under Item 1.01, though the event could also be characterized as a material financing amendment. The magnitude ($815.8 million guaranteed loan) and strategic importance (SAF expansion) make this material to investors.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-01T20:22:00.091823+00:00","company_name":"","ticker":null,"filing_date":""},{"id":33754,"accession_number":"0002013745-26-000029","item_number":"7.01","item_title":"Regulation FD Disclosure.","event_type":"operational_other","event_domain":"operational","is_material":true,"confidence":0.75,"reasoning":"The filing discloses a material strategic expansion of Montana Renewables' SAF production capacity from current levels to 200 million gallons annually by year-end 2028, with total renewable product sales expanding 40% to 17,000 barrels per day. While Item 7.01 references Item 1.01 (a change in or acquisition of assets), the press release emphasizes the operational restructuring—repurposing equipment from the adjacent Calumet Montana Refining facility and restructuring the expansion as six modular projects rather than a single megaproject. The amendment to the DOE Loan Guarantee Agreement (reducing Phase 2 funding from $658 million to $34 million) is a material financing adjustment supporting this operational plan. This is primarily an operational/strategic business event rather than a discrete M\u0026A transaction, making operational_other the most appropriate classification.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-01T20:22:00.091823+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":33753,"accession_number":"0002013745-26-000029","item_number":"1.01","item_title":"Entry into a Material Definitive Agreement.","event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.85,"reasoning":"The filing discloses a material amendment to a $1.44 billion DOE loan guarantee agreement for Montana Renewables' renewable fuels facility. While technically an amendment to an existing agreement rather than a new entry, the First Amendment materially restructures the project scope, reduces the guaranteed loan principal from $1.44 billion to $815.8 million, changes the project from a large new-build to a series of smaller repurposing projects, and revises key covenants and conditions. This restructuring of a material financing arrangement affecting the company's capital structure and project execution qualifies as a material definitive agreement entry under Item 1.01, though the event could also be characterized as a material financing amendment. The magnitude ($815.8 million guaranteed loan) and strategic importance (SAF expansion) make this material to investors.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-01T20:22:00.091823+00:00","company_name":"Calumet, Inc. /DE","ticker":"CLMT","filing_date":"2026-09-01"},{"id":33754,"accession_number":"0002013745-26-000029","item_number":"7.01","item_title":"Regulation FD Disclosure.","event_type":"operational_other","event_domain":"operational","is_material":true,"confidence":0.75,"reasoning":"The filing discloses a material strategic expansion of Montana Renewables' SAF production capacity from current levels to 200 million gallons annually by year-end 2028, with total renewable product sales expanding 40% to 17,000 barrels per day. While Item 7.01 references Item 1.01 (a change in or acquisition of assets), the press release emphasizes the operational restructuring—repurposing equipment from the adjacent Calumet Montana Refining facility and restructuring the expansion as six modular projects rather than a single megaproject. The amendment to the DOE Loan Guarantee Agreement (reducing Phase 2 funding from $658 million to $34 million) is a material financing adjustment supporting this operational plan. This is primarily an operational/strategic business event rather than a discrete M\u0026A transaction, making operational_other the most appropriate classification.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-01T20:22:00.091823+00:00","company_name":"Calumet, Inc. /DE","ticker":"CLMT","filing_date":"2026-09-01"}]}