Press release from PR Newswire
CVR Energy Amends Offer to Purchase Up to $100 Million Principal Amount of First Lien Senior Secured Notes and Second Lien Senior Secured Notes
Tuesday, April 19, 2011
CVR Energy Amends Offer to Purchase Up to $100 Million Principal Amount of First Lien Senior Secured Notes and Second Lien Senior Secured Notes17:55 EDT Tuesday, April 19, 2011SUGAR 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.(Logo: http://photos.prnewswire.com/prnh/20071203/CVRLOGO)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.281-207-3464Jay Finks281-207-3588 InvestorRelations@CVREnergy.comMedia Relations:Steve Eames281-207-3550MediaRelations@CVREnergy.comSOURCE CVR Energy, Inc.