SUGAR LAND, Texas, Nov. 24, 2010 /PRNewswire-FirstCall/
-- CVR Energy, Inc. (NYSE: CVI) today announced the closing
of a registered underwritten secondary public offering of
20,700,000 shares of CVR Energy's common stock by certain of its
stockholders at a public offering price of $10.75 per share, including 2,700,000 shares
purchased by the underwriters pursuant to their option to purchase
additional shares of common stock. No shares were sold by the
Company and it will not receive any proceeds from the offering.
(Logo:
http://photos.prnewswire.com/prnh/20071203/CVRLOGO)
The selling stockholders include affiliates of Goldman, Sachs
& Co. and Kelso & Company, L.P., who own approximately 17
percent and 23 percent of the Company's outstanding common
stock, respectively, following the offering.
Deutsche Bank Securities and Goldman, Sachs & Co. acted as
the joint book-running managers for the offering, and Simmons &
Company International and Tudor, Pickering, Holt & Co. acted as
co-managers.
A copy of the prospectus and final prospectus supplement related
to this offering may be obtained by contacting: 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 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. 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 was 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.