debt
confidence high
sentiment neutral
materiality 0.70
CVR Energy announces $1B private placement of senior notes due 2031/2034 to refinance debt
CVR ENERGY INC
- CVR Energy intends to issue $1B in senior unsecured notes due 2031/2034 in a private placement.
- Proceeds will repay the entire term loan and redeem all 8.5% Senior Notes due 2029.
- Proceeds also will redeem $217M of the 5.75% Senior Notes due 2028.
- The offering is subject to market conditions; no assurance of consummation.