SUGAR LAND, Texas, April 14, 2011 /PRNewswire/ -- CVR Energy, Inc.
(NYSE: CVI) announced today that its wholly-owned subsidiaries,
Coffeyville Resources, LLC and Coffeyville Finance, Inc. (the
"Issuers"), have commenced an offer to purchase up to $100 million aggregate principal amount of their
9% First Lien Senior Secured Notes due 2015 (the "First Lien
Notes") and their 10 7/8% Second Lien Senior Secured Notes due 2017
(the "Second Lien Notes" and, together with the First Lien Notes,
the "Notes") at a cash purchase price of 103% of the principal
amount of Notes, plus accrued and unpaid interest to the date Notes
are accepted for payment pursuant to the offer.
(Logo: http://photos.prnewswire.com/prnh/20071203/CVRLOGO)
The offer will expire at 10:00
a.m., New York City time,
on May 16, 2011, unless extended.
In order to participate in the offer, holders must validly
tender Notes prior to the expiration time. Any holder
desiring to tender Notes should refer to the Offer to Purchase
being circulated to holders of the Notes to ensure valid tender of
such Notes.
Wells Fargo Bank, National Association, the trustee under the
indentures governing the Notes, is serving as the depositary for
the offer. Questions regarding the offer should be directed
to Wells Fargo Bank, National Association, at (800) 344-5128,
option 0. Requests for documents relating to the offer should
be directed to Wells Fargo Bank, National Association.
This press release is for informational purposes only and does
not constitute an offer to purchase nor a solicitation of an offer
to sell any security and shall not constitute an offer,
solicitation or sale in any jurisdiction in which such offering
would be unlawful. The offer will be made only pursuant to
the Offer to Purchase, dated April 14,
2011, and related materials.
The offer is being made pursuant to the indentures governing the
Notes as a result of the closing of the initial public offering of
CVR Partners, LP, which constitutes a fertilizer business event as
defined in the indentures governing the Notes.
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. You can generally identify forward-looking statements by
our use of forward-looking terminology such as "anticipate,"
"believe," "continue," "could," "estimate," "expect," "intend,"
"may," "might," "plan," "potential," "predict," "seek," "should,"
or "will," or the negative thereof or other variations thereon or
comparable terminology. These forward-looking statements are only
predictions and involve known and unknown risks and uncertainties,
many of which are beyond our control. For a discussion of key risk
factors, please see the risk factors and other disclosures included
in our annual report on Form 10-K, and other filings with the
Securities and Exchange Commission, which may be obtained at the
Securities and Exchange Commission's website at www.sec.gov or our
website at www.cvrenergy.com as well as the risk factors and other
disclosures contained in the Offer to Purchase, dated April 14, 2011. These risks may cause our
actual results, performance or achievements to differ materially
from any future results, performance or achievements expressed or
implied by these forward-looking statements. Given these risks and
uncertainties, you are cautioned not to place undue reliance on
such forward-looking statements. The forward-looking statements
included in this press release are made only as of the date hereof.
CVR Energy, Inc. undertakes no duty to update its forward-looking
statements.
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 central Kansas, Oklahoma, western Missouri and southwest Nebraska; an asphalt and refined fuels storage
and terminal business in Phillipsburg,
Kan.; and, through a limited partnership, of which it owns
approximately 70% of the limited partnership's common units, an
ammonia and urea ammonium nitrate fertilizer business located in
Coffeyville, Kan.
For further information, please contact:
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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281-207-3464
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281-207-3550
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Jay Finks
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MediaRelations@CVREnergy.com
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281-207-3588
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InvestorRelations@CVREnergy.com
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SOURCE CVR Energy, Inc.