SUGAR LAND, Texas, April 19, 2011 /PRNewswire/ -- CVR Energy, Inc.
(NYSE: CVI) has announced today that in connection with its
previously announced offer to purchase up to $100 million aggregate principal amount of the 9%
First Lien Senior Secured Notes due 2015 (the "First Lien Notes")
and the 10 7/8% Second Lien Senior Secured Notes due 2017 (the
"Second Lien Notes" and, together with the First Lien Notes, the
"Notes") issued by its wholly-owned subsidiaries, Coffeyville
Resources, LLC and Coffeyville Finance Inc. (the "Issuers"), the
Issuers have revised the terms of the offer so that they will be
accepting Notes only in denominations of $2,000 and integral multiples of $1,000 thereof. All the other terms and
conditions set forth in the offer to purchase dated April 14, 2011 remain in effect. The offer
previously stated that the Issuers would accept tenders in
denominations of $1,000 and integral
multiples of $1,000 thereof.
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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:
Stirling Pack, Jr.
281-207-3464
Jay Finks
281-207-3588
InvestorRelations@CVREnergy.com
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Media Relations:
Steve Eames
281-207-3550
MediaRelations@CVREnergy.com
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SOURCE CVR Energy, Inc.