secwatch.observer — SEC 8-K summary
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Issuer:     CVR ENERGY INC (CVI)
CIK:        0001376139
Form:       8-K
Filed at:   2024-12-26T23:59:59+00:00
Accession:  0001376139-24-000075
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1376139/000137613924000075/0001376139-24-000075-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1376139/000137613924000075/cvi-20241219.htm
  HTML page:      https://secwatch.observer/filing/0001376139-24-000075

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