SUGAR LAND, Texas, Feb. 1, 2011 /PRNewswire/ -- CVR Energy, Inc.
(NYSE: CVI) today announced that certain of its stockholders have
commenced a registered underwritten public offering of 15,000,000
shares of CVR Energy's common stock.
(Logo:
http://photos.prnewswire.com/prnh/20071203/CVRLOGO)
The selling stockholders include affiliates of Goldman, Sachs
& Co. and Kelso & Company, L.P., which currently own
approximately 17 percent and 23 percent of CVR Energy's outstanding
common stock, respectively, and following the offering will own
approximately 10 percent and 13 percent of CVR Energy's outstanding
common stock, respectively. These selling stockholders have granted
the underwriters a 30-day option to purchase up to an aggregate of
2,250,000 additional shares. The Company will not receive any
of the proceeds of the offering.
Goldman, Sachs & Co., Deutsche Bank Securities and Credit
Suisse are acting as the joint book-running managers for 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: Goldman, Sachs & Co., Attention:
Prospectus Department, 200 West Street, New York, NY 10282, telephone: (866) 471-2526,
facsimile: (212) 902-9316, or email at
prospectus-ny@ny.email.gs.com, Deutsche Bank Securities, Attention:
Prospectus Department, Harborside Financial Center, 100 Plaza One,
Jersey City, NJ 07311-3988,
telephone:800-503-4611 or e-mail at prospectus.cpdg@db.com and
Credit Suisse Securities (USA)
LLC, Attention: Prospectus Department, One Madison Avenue,
New York, NY 10010, telephone:
(800) 221-1037. You may also get these documents for free by
visiting the Securities and Exchange Commission's website at
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.
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 Kansas, northern Oklahoma, western Missouri and southwestern 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
|
|
InvestorRelations@CVREnergy.com
|
|
MediaRelations@CVREnergy.com
|
|
|
|
|
|
|
SOURCE CVR Energy, Inc.