SUGAR LAND, Texas, Nov. 16, 2010 /PRNewswire-FirstCall/ -- CVR
Energy, Inc. (NYSE: CVI) today announced that certain of its
stockholders have commenced a registered underwritten public
offering of 15,000,000 shares of CVR Energy's common stock.
(Logo: http://photos.prnewswire.com/prnh/20071203/CVRLOGO)
(Logo: http://www.newscom.com/cgi-bin/prnh/20071203/CVRLOGO)
The selling stockholders include affiliates of Goldman, Sachs
& Co. and Kelso & Company, L.P., which currently own
approximately 28 percent and 36 percent of CVR Energy's outstanding
common stock, respectively, and following the offering will own
approximately 20 percent and 26 percent of CVR Energy's outstanding
common stock, respectively. These selling stockholders have granted
the underwriters a 30-day option to purchase up to an aggregate of
2,250,000 additional shares. In addition, the Company's chief
executive officer is also selling 70,000 shares of the Company's
common stock in the offering for personal tax planning purposes.
The Company will not receive any of the proceeds of the
offering.
Deutsche Bank Securities and Goldman, Sachs & Co. are acting
as the joint book-running managers for the offering, with Simmons
& Company International and Tudor, Pickering, Holt & Co.
acting as co-managers. The offering will be made only by means of a
prospectus and related prospectus supplement, copies of which may
be obtained when available from: Deutsche Bank Securities,
Attention: Prospectus Department, Harborside Financial Center, 100
Plaza One, Jersey City, NJ
07311-3988, telephone: 800-503-4611 or e-mail at
prospectus.cpdg@db.com and Goldman, Sachs & Co., Attention:
Prospectus Department, 200 West Street, New York, NY 10282, telephone: (866) 471-2526,
facsimile: (212) 902-9316, or email at
prospectus-ny@ny.email.gs.com. You may also get these
documents for free by visiting the Securities and Exchange
Commission's website at www.sec.gov.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy the shares of common stock or any
other securities, nor shall there be any sale of the shares of
common stock or any other securities in any state or jurisdiction
in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any
such state or jurisdiction. The common stock will be offered
pursuant to an effective registration statement filed with the
Securities and Exchange Commission.
About CVR Energy, Inc.
Headquartered in Sugar Land,
Texas, CVR Energy, Inc.'s subsidiary 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 Kansas, northern Oklahoma, western Missouri and southwestern Nebraska; an asphalt and refined fuels 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:
|
|
Media Relations:
|
|
Stirling Pack, Jr.
|
|
Steve Eames
|
|
CVR Energy, Inc.
|
|
CVR Energy, Inc.
|
|
281-207-3464
|
|
281-207-3550
|
|
InvestorRelations@CVREnergy.com
|
|
MediaRelations@CVREnergy.com
|
|
|
|
|
|
|
SOURCE CVR Energy, Inc.