CVR Energy Announces Secondary Public Offering of 7,376,264 Shares of Common Stock
November 05 2009 - 5:38PM
PR Newswire (US)
SUGAR LAND, Texas, Nov. 5 /PRNewswire-FirstCall/ -- CVR Energy,
Inc. (NYSE:CVI) today announced that one of its stockholders has
commenced a registered underwritten public offering of 7,376,264
shares of CVR Energy's common stock. (Logo:
http://www.newscom.com/cgi-bin/prnh/20071203/CVRLOGO) The selling
stockholder, an affiliate of Goldman, Sachs & Co., currently
owns approximately 36 percent of CVR Energy's outstanding common
stock and following the offering will continue to own approximately
28 percent of CVR Energy's outstanding common stock. The company
will not receive any of the proceeds of the offering. Deutsche Bank
Securities is acting as the sole book-running manager of the
offering. 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, 100 Plaza One, Jersey City, NJ 07311,
800-503-4611 or e-mail at . You may also get these documents for
free by visiting the Securities and Exchange Commission's website
at http://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. This news
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 risk
factors which may affect our results, please see the risk factors
and other disclosures included in our Annual Report on Form 10-K
for the year ended December 31, 2008. 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.
The Company 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, northern Oklahoma, eastern Colorado, western
Missouri and southwest 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
http://www.newscom.com/cgi-bin/prnh/20071203/CVRLOGO
http://photoarchive.ap.org/ DATASOURCE: CVR Energy, Inc. CONTACT:
Investors, Stirling Pack, Jr., +1-281-207-3464, , or Media, Steve
Eames, +1-281-207-3550, , both of CVR Energy, Inc. Web Site:
http://www.cvrenergy.com/
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