SUGAR LAND, Texas, Jan. 10, 2020 (GLOBE NEWSWIRE) — CVR Energy, Inc. (CVI) (the “Company” or “CVR Energy”) appear today the appraisement of its clandestine adjustment (the “Offering”) beneath Rule 144A and Regulation S of the Balance Act of 1933, as adapted (the “Securities Act”), of $1.0 billion in accumulated arch bulk of chief apart notes, consisting of $600 actor in accumulated arch bulk of 5.250% chief apart addendum due 2025 (the “2025 Notes”) and $400 actor in accumulated arch bulk of 5.750% chief apart addendum due 2028 (the “2028 Notes”). The 2025 Addendum complete on February 15, 2025 and will be issued at par. The 2028 Addendum complete on February 15, 2028 and will be issued at par. The Offering is accepted to abutting on January 27, 2020, accountable to accepted closing conditions.
The Aggregation intends to use the net gain from the Offering to armamentarium the ahead appear accretion of all the outstanding 6.500% Second Lien Chief Secured Addendum due 2022 issued by CVR Refining, LLC and Coffeyville Finance Inc., anniversary aberrant wholly endemic subsidiaries of the Company. The absolute net gain will be acclimated for accepted accumulated purposes, which may accommodate allotment (i) acquisitions, (ii) basic projects and/or (iii) allotment repurchases or added distributions to its stockholders.
The balance to be awash accept not been registered beneath the Balance Act, or any accompaniment balance laws, and unless so registered, the balance may not be offered or awash in the United States except pursuant to an absolution from, or in a transaction not accountable to, the allotment requirements of the Balance Act and applicative accompaniment balance laws. The Aggregation affairs to action and advertise the balance alone to able institutional buyers pursuant to Rule 144A beneath the Balance Act and to bodies alfresco the United States pursuant to Regulation S beneath the Balance Act.
This account absolution shall not aggregate an action to sell, or the address of an action to buy, any of these balance or any added securities, nor shall there be any auction of these balance or any added balance in any accompaniment or administration in which such offer, solicitation, or auction would be unlawful.
About CVR Energy, Inc.
Headquartered in Sugar Land, Texas, CVR Energy is a adapted captivation aggregation primarily affianced in the petroleum adorning and business business through its absorption in CVR Adorning and the nitrogen fertilizer accomplishment business through its absorption in CVR Partners, LP. CVR Energy subsidiaries serve as the accepted accomplice and own 34 percent of the accepted units of CVR Partners.
Cautionary Statement Apropos Forward-Looking Statements
This account absolution may accommodate advanced statements aural the acceptation of Section 27A of the Balance Act and Section 21E of the Balance Exchange Act of 1934, as amended. Statements apropos accepted estimates, expectations and projections about approaching results, performance, prospects, opportunities, plans, accomplishments and contest and added statements, concerns, or affairs that are not absolute facts are “forward-looking statements,” as that appellation is authentic beneath the federal balance laws. These advanced statements include, but are not bound to, the statements apropos the Offering and the use of gain accordingly and the codicillary accretion of the 2022 Notes. You can about analyze advanced statements by our use of advanced analogue such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “explore,” “evaluate,” “intend,” “may,” “might,” “plan,” “potential,” “predict,” “seek,” “should,” or “will,” or the abrogating thereof or added variations after or commensurable terminology. These advanced statements are alone predictions and absorb accepted and alien risks and uncertainties, abounding of which are above our control. For added altercation of accident factors which may affect our results, amuse see the accident factors and added disclosures included in our best contempo Annual Report on Form 10-K, any after filed Quarterly Reports on Form 10-Q and our other filings with the Balance and Exchange Commission. These and added risks may account our absolute results, achievement or achievements to alter materially from any approaching results, achievement or achievements bidding or adumbrated by these advanced statements. Given these risks and uncertainties, you are cautioned not to abode disproportionate assurance on such advanced statements. The advanced statements included in this account absolution are fabricated alone as of the date hereof. CVR Energy disclaims any ambition or obligation to amend about or alter any advanced statements, whether as a aftereffect of new information, approaching contest or otherwise, except to the admeasurement appropriate by law.
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