debt
confidence high
sentiment neutral
materiality 0.70
CVR Energy announces $600M notes offering to refinance 5.250% Senior Notes due 2025
CVR ENERGY INC
- Intends to offer $600M in senior unsecured notes due 2029 in a private placement.
- Net proceeds, with cash on hand, to redeem all outstanding 5.250% Senior Notes due 2025.
- Redemption expected on or after Feb 15, 2024 at 100% of principal plus accrued interest.
- Notes will be guaranteed by certain domestic subsidiaries including those under the $275M ABL facility.