SUGAR LAND, Texas, April 6 /PRNewswire-FirstCall/ -- 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.
(Logo:
http://www.newscom.com/cgi-bin/prnh/20071203/CVRLOGO)
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.
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For further information, please
contact:
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Investor Relations:
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Media Relations:
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Stirling Pack, Jr.
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Steve Eames
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CVR Energy, Inc.
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CVR Energy, Inc.
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281-207-3464
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281-207-3550
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InvestorRelations@CVREnergy.com
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MediaRelations@CVREnergy.com
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SOURCE CVR Energy, Inc.