Calumet Specialty Products to launch 6M-unit offering

• Calumet Specialty Products Partners (NASDAQ:CLMT) -3% AH after announcing a public offering of 6M common units, with an underwriters option to purchase up to an additional 900K units.
• CLMT says it will use the proceeds from the offering, including a proportionate capital contribution from its general partner, to repay borrowings outstanding under its revolving credit facility and for general partnership purposes.