Business Wire·Jan 29, 2026, 5:51 PM ET

CVR Energy Announces Pricing of Private Placement of $600 Million of 7.500% Senior Notes Due 2031 and $400 Million of 7.875% Senior Notes Due 2034

CVR Energy priced a private placement of $1 billion in senior unsecured notes, comprising $600 million of 7.500% notes due 2031 & $400 million of 7.875% notes due 2034.
Both note series will be issued at par, with maturities on February 15, 2031 & February 15, 2034 respectively.
The notes will be jointly & severally guaranteed on a senior unsecured basis by specific domestic subsidiaries, including those involved in the existing $345 million Petroleum ABL facility.
The offering is scheduled to close on February 12, 2026, subject to customary conditions.
Net proceeds will be used to repay the senior secured term loan, redeem all outstanding 8.500% senior notes due 2029, & redeem $217 million of 5.750% senior notes due 2028.
The securities were offered to qualified institutional buyers under Rule 144A & to non-U.S. persons under Regulation S without registration under the Securities Act.
CVR Energy is a diversified holding company headquartered in Sugar Land, Texas, engaged in petroleum refining, marketing, & nitrogen fertilizer manufacturing through CVR Partners, LP.