SUGAR LAND, Texas, May 23, 2011 /PRNewswire/ -- CVR Energy, Inc.
(NYSE: CVI) (the "Company") today announced that a selling
stockholder affiliated with Kelso & Company, L.P. will sell
7,988,179 shares of its common stock to Goldman, Sachs & Co. as
the sole underwriter in the registered public offering of those
shares. All net proceeds from the sale of the common stock will be
received by the selling stockholder. The Company will not receive
any of the proceeds.
(Logo:
http://photos.prnewswire.com/prnh/20071203/CVRLOGO)
The shares of common stock are being sold by the selling
stockholder in an at-the-market offering pursuant to an effective
shelf registration statement filed with the Securities and Exchange
Commission. Following completion of the offering, Kelso &
Company, L.P. and its affiliates will not own any shares of common
stock of the Company. A copy of the prospectus relating to
the shares may be obtained, when available, from Goldman, Sachs
& Co., Prospectus Department, 200 West Street, New York, New York 10282, telephone:
1-866-471-2526, facsimile: 212-902-9316, or by emailing
prospectus-ny@ny.email.gs.com.
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.
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, and a
crude oil gathering system serving central Kansas, Oklahoma, western Missouri and southwestern Nebraska. In addition, the Company's
subsidiaries own a majority interest in and serve as the general
partner of CVR Partners, LP, a producer of ammonia and urea
ammonium nitrate, or UAN, fertilizers.
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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MediaRelations@CVREnergy.com
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Jay Finks
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CVR Energy, Inc.
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281-207-3588
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InvestorRelations@CVREnergy.com
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SOURCE CVR Energy, Inc.