Attached files
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| 8-K - FORM 8-K - CVR ENERGY INC | y83752e8vk.htm |
Exhibit 99.1
CVR Energy Closes Private Placement of
$275 Million of First Lien Senior Secured Notes And
$225 Million of Second Lien Senior Secured Notes
$275 Million of First Lien Senior Secured Notes And
$225 Million of Second Lien Senior Secured Notes
SUGAR LAND, Texas (April 6, 2010) — CVR Energy, Inc. (NYSE: CVI) announced that its wholly-owned
subsidiaries, Coffeyville Resources, LLC and Coffeyville Finance Inc., have completed an offering
of $275 million aggregate principal amount of first lien senior secured notes due 2015 and $225
million aggregate principal amount of second lien senior secured notes due 2017. The notes were
sold to qualified institutional buyers in the United States pursuant to Rule 144A under the
Securities Act of 1933, as amended.
The company intends to use the net proceeds of the offering to repay $453.3 million of term loan
indebtedness outstanding under the first priority credit facility and related fees and expenses,
with the balance to be used for general corporate purposes.
The notes have been guaranteed by each of the company’s subsidiaries that guarantee the first
priority credit facility and are secured by liens on substantially all of the assets which secure
the company’s first priority credit facility.
The notes have not been registered under the U.S. Securities Act of 1933, as amended, or any state
securities laws, and may not be offered or sold in the United States absent registration or an
applicable exemption from the registration requirements.
This announcement does not constitute an offer to sell or the solicitation of an offer to buy any
security and shall not constitute an offer, solicitation or sale in any jurisdiction in which such
offering would be unlawful. This notice is being issued pursuant to and in accordance with Rule
135(c) under the Securities Act.
# # #
About CVR Energy, Inc.
Headquartered in Sugar Land, Texas, CVR Energy, Inc.’s subsidiaries and affiliated businesses
include an independent refiner that operates a 115,000 barrel per day refinery in Coffeyville,
Kan., and markets high value transportation fuels supplied to customers through tanker trucks and
pipeline terminals; a crude oil gathering system serving central Kansas, Oklahoma, eastern
Colorado, western Missouri and southwestern Nebraska; a refined fuels and asphalt storage and
terminal business in Phillipsburg, Kan.; and through a limited partnership, an ammonia and urea
ammonium nitrate fertilizer business located in Coffeyville, Kan.
For further information, please contact:
Investor Relations:
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Media Relations: | |
Stirling Pack, Jr.
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Steve Eames | |
CVR Energy, Inc.
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CVR Energy, Inc. | |
281-207-3464
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281-207-3550 | |
InvestorRelations@CVREnergy.com
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MediaRelations@CVREnergy.com |