8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): January 19, 2016

CALUMET SPECIALTY PRODUCTS PARTNERS, L.P.

(Exact name of registrant as specified in its charter)

DELAWARE 
(State or other jurisdiction
of incorporation) 000-51734 
(Commission File Number) 37-1516132 
(IRS Employer
Identification No.)

2780 Waterfront Pkwy E. Drive

Suite 200

Indianapolis, Indiana 46214

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code (317) 328-5660

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 7.01 Regulation FD Disclosure.

On January 19, 2016, Calumet Specialty Products Partners, L.P. (the “Partnership”) issued a press release providing a business update and announcing that the Board of Directors of Calumet GP, LLC, the general partner of the Partnership, declared a cash distribution for the quarter ended December 31, 2015 of $0.685 per common unit, or $2.74 on an annualized basis. The distribution will be paid on February 12, 2016 to unitholders of record as of the close of business on February 2, 2016. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.

This press release is being furnished pursuant to General Instruction B.2 of Form 8-K and is not deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), nor is it subject to the liabilities of that section or deemed incorporated by reference into any filing made by the Partnership under the Exchange Act and the Securities Act of 1933, as amended.

Item 9.01 Financial Statements and Exhibits.

(d)Exhibits.

Exhibit Number	Description
99.1	Press Release, dated January 19, 2016.

Signature

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	CALUMET SPECIALITY PRODUCTS PARTNERS, L.P.
	By: CALUMET GP, LLC, its General Partner
Date: January 19, 2016	By: /s/ R. Patrick Murray, II
	Name: R. Patrick Murray, II Title: Executive Vice President, Chief Financial Officer             and Secretary

Exhibit Index

Exhibit Number	Description
99.1	Press Release, dated January 19, 2016.

EX-99.1

Exhibit 99.1

Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) (“Calumet” or the “Partnership”) a leading independent producer of specialty hydrocarbon and fuels products, today provided the following business update in response to recent volatility in the global capital markets and the broader energy complex:

(1) Calumet is reaffirming its objective of providing all unitholders a stable-to-growing quarterly cash distribution, consistent with expectations for long-term growth in Adjusted EBITDA and Distributable Cash Flow (“DCF”). Today, Calumet declared a quarterly cash distribution of $0.685 per unit, or $2.74 per unit on an annualized basis, for the quarter ended December 31, 2015 on all of its outstanding limited partner units. This distribution level is consistent with the amount paid to unitholders in the previous quarter. The distribution will be paid on February 12, 2016 to unitholders of record as of the close of business on February 2, 2016.

(2) Affiliates of Calumet’s privately-held general partner remain highly supportive of Calumet and its long-term strategic growth plan. As of January 18, 2016, affiliates of Calumet’s general partner owned 22% of the limited partner units outstanding. The general partner’s affiliates represent the single largest investor group in the limited partner units. The economic interests of both the general partner affiliates and the limited partners remain closely aligned, given the affiliates’ continued, long-term investment in Calumet.

(3) Calumet currently anticipates a more than 60% decline in total capital expenditures on a year-over-year basis in 2016. Calumet currently anticipates total capital expenditures to range between $125 million and $150 million in 2016. This decrease in anticipated capital expenditures is due in part to the conclusion of a multi-year organic growth project campaign in late 2015. The Partnership believes it has sufficient liquidity from cash on hand and from operations, as well as availability under its $1 billion asset based revolving credit facility, subject to current market conditions, to fund general business requirements.

The Partnership will report results for the fourth quarter and full-year 2015 on February 17, 2016 before the market opens. A conference call is scheduled for 1:00 p.m. ET (12:00 p.m. CT) on February 17, 2016 to discuss the financial and operational results for the fourth quarter and full-year 2015. Investors, analysts and members of the media interested in listening to the live presentation may call (866) 584-9671. The telephonic replay is available by calling (404) 537-3406 and entering passcode 28567856. The replay will be available beginning February 17, 2016 until February 24, 2016. A webcast of the call and accompanying presentation slides will be available on the Partnership's website at http://www.calumetspecialty.com.

About Calumet Specialty Products Partners, L.P.

Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) is a master limited partnership and a leading independent producer of high-quality, specialty hydrocarbon products in North America. Calumet processes crude oil and other feedstocks into customized lubricating oils, solvents and waxes used in consumer, industrial and automotive products. Calumet also produces fuel products including gasoline, diesel and jet fuel. Calumet is based in Indianapolis, Indiana and has fourteen refining and manufacturing facilities located in northwest Louisiana, northwest Wisconsin, northern Montana, western Pennsylvania, Texas, New Jersey, Oklahoma, eastern Missouri and North Dakota.

Safe Harbor Statement

This press release includes statements that may constitute forward-looking statements. Such forward-looking statements are subject to a variety of known and unknown risks, uncertainties, and other factors that are difficult to predict and many of which are beyond management’s control. Factors that can affect future results are discussed in Calumet’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other reports filed by Calumet from time to time with the Securities and Exchange Commission. Calumet undertakes no obligation to update or revise any forward-looking statement to reflect new information or events. This release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b). Brokers and nominees should treat one hundred percent (100.0%) of Calumet’s distributions to non-U.S. investors as being attributable to income that is effectively connected with a United States trade or business. Accordingly, Calumet’s distributions to non-U.S. investors are subject to federal income tax withholding at the highest applicable effective tax rate.