CVR Energy enters $325M term loan, sells Midway Pipeline stake for $90M

CVR ENERGY INC

Borrowed $325M senior secured term loan at SOFR + 4.00%; matures Dec 30, 2027; proceeds for capex and turnaround costs.
Sold 50% interest in Midway Pipeline LLC to Plains Pipeline L.P. for ~$90M cash.
Quarterly amortization of 0.25% of principal; prepayment premium applies within first year.
Term loan guaranteed by domestic subsidiaries; secured by second lien on ABL collateral and first lien on other assets.
Entered long-term pipeline agreement to continue crude shipments to Coffeyville refinery.

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