trending Market Intelligence /marketintelligence/en/news-insights/trending/nmt2Poml-HJG1bds6z04Rw2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

CVR Energy to offer $1.1B of senior notes in private placement

As COVID-19 Wears On, Regulators Examine Moratorium Extensions, Cost Recovery

Essential Energy Insights - June 11, 2020

Webinar Replay

Deep Dive on Oil & Gas for Financial Institutions

Essential Energy Insights - May 28, 2020

CVR Energy to offer $1.1B of senior notes in private placement

CVR Energy Inc. plans to offer a private placement of $1.1 billion of senior unsecured notes due 2025 and 2028.

The U.S. refiner will use the proceeds to fund the redemption of all the outstanding 6.500% second lien senior secured notes due 2022 issued by subsidiaries CVR Refining LLC and Coffeyville Finance Inc., according to a Jan. 7 news release.

The company will use the rest of the proceeds for general corporate purposes, including funding acquisitions, capital projects and share repurchases.

CVR Energy's subsidiaries also delivered a conditional redemption notice for the 2022 notes with a redemption date of Jan. 27. The redemption price is equal to 101.083% plus accrued and unpaid interest.

The 2022 notes redemption is conditioned on CVR Energy issuing at least $500.0 million of the senior unsecured notes on or before Jan. 27. If the conditions are not met, the refiner will revoke the redemption, and the 2022 notes will remain outstanding.

Wells Fargo Bank NA is acting as the trustee for the 2022 notes and the paying agent for the redemption.