United States securities and exchange commission logo
November 8, 2023
Vincent Donargo
Chief Financial Officer
Calumet Specialty Products Partners, L.P.
2780 Waterfront Parkway East Drive
Suite 200
Indianapolis, IN 46214
Re: Calumet Specialty
Products Partners, L.P.
Form 10-K for the
fiscal year ended December 31, 2022
Filed March 15,
2023
File No. 000-51734
Dear Vincent Donargo:
We have limited our review of your filing to the financial
statements and related
disclosures and have the following comments.
Please respond to this letter within ten business days by
providing the requested
information or advise us as soon as possible when you will respond. If
you do not believe a
comment applies to your facts and circumstances, please tell us why in
your response.
After reviewing your
response to this letter, we may have additional comments.
Form 10-K for the fiscal year ended December 31, 2022
Item 8. Financial Statements and Supplementary Data
9. Long-term Debt, page 95
1. On page 97 you disclose
that on August 5, 2022 Stonebriar Commercial Finance LLC
purchased from and
leased back to MRL a hydrocracker for a purchase price of $250.0
million. Please tell us
how you comply with the accounting and disclosure
requirements for the
sale and subsequent leaseback of the hydrocracker from
Stonebriar. We refer
you to the provisions of ASC 842-40.
Vincent Donargo
FirstName LastNameVincent Donargo
Calumet Specialty Products Partners, L.P.
Comapany 8,
November NameCalumet
2023 Specialty Products Partners, L.P.
November
Page 2 8, 2023 Page 2
FirstName LastName
In closing, we remind you that the company and its management are
responsible for the
accuracy and adequacy of their disclosures, notwithstanding any review,
comments, action or
absence of action by the staff.
Please contact Brian McAllister at 202-551-3341 or Kimberly Calder at
202-551-3701
with any questions.
Sincerely,
Division of
Corporation Finance
Office of Energy &
Transportation