Calumet in Indianapolis ups ABL to $600M, secures final $34M DOE draw; MaxSAF remaining capital cut to $137M

Calumet, Inc., identified in the release as headquartered in Indianapolis, said on Sept. 14, 2026 that it amended its asset-based revolving credit (ABL) facility to increase total commitments to $600 million, an increase of $100 million. The ABL remains subject to borrowing-base limitations, keeps a January 2031 maturity date, and is led by Bank of America as agent for a lender group.

Separately, Calumet said Montana Renewables, an unrestricted subsidiary, received the final $34 million draw under an amended Loan Guarantee Agreement with the U.S. Department of Energy. The company also reported that remaining project capital for its MaxSAF expansion was reduced to $137 million from the $1.2 billion previously contemplated, citing repurposing of equipment from an adjacent facility.

Report a correction · Editorial standards · Our source directory

BusinessIndy examines this development and its implications for Indiana businesses and communities using the linked sources.

Continued verification is in progress.