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8-K filed January 11, 2023, 6:59 PM ET ticker UAN CIK 0001425292
other material confidence high sentiment positive materiality 0.65

CVR Partners forms 45Q tax equity JV for carbon capture credits; receives $18M initial, up to $78M total

CVR PARTNERS, LP

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

CVR PARTNERS, LP entered into Transaction Agreement with CapturePoint LLC and certain unaffiliated third-party investors valued at approximately $18 million initial payment plus up to approximately $22 million in installment paymen (effective 2023-01-06).

Action
entry
Agreement
collaboration
Counterparty
CapturePoint LLC and certain unaffiliated third-party investors
Value
approximately $18 million initial payment plus up to approximately $22 million in installment paymen
Effective
2023-01-06
Exact text from the filing
On January 6, 2023 , CVR Partners, LP, a Delaware limited partnership (the “Partnership”), together with its wholly-owned subsidiary, Coffeyville Resources Nitrogen Fertilizers, LLC, a Delaware limited liability company (“CRNF”), CapturePoint LLC, an unaffiliated Texas limited liability company (“CapturePoint”), and certain unaffiliated third-party investors (the “Investors”) entered into a Transaction Agreement (the “Transaction Agreement”), an Amended and Restated Limited Liability Company Agreement of CVR-CapturePoint LLC (the “LLC Agreement”) and related ancillary agreements, pursuant to which the Investors acquired certain membership interests in a newly formed tax equity joint venture (the “Tax Equity JV”) intended to qualify under the Internal Revenue Service safe harbor described in Revenue Procedure 2020-12 for certain joint ventures that are eligible to claim certain tax credits under Section 45Q of the Internal Revenue Code of 1986, as amended (“Section 45Q Credits”) that ma
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CVR PARTNERS, LP filing history →

Source: SEC EDGAR
accession 0001425292-23-000003
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