secwatch.observer — SEC 8-K summary
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Issuer:     CVR PARTNERS, LP (UAN)
CIK:        0001425292
Form:       8-K
Filed at:   2023-09-27T23:59:59+00:00
Accession:  0001425292-23-000025
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CVR Partners amends ABL facility: maturity to 2028, max credit $50M, incremental to $65M
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- Maturity extended to September 26, 2028; Max Credit raised to $50M with incremental facility up to $65M.
- EBITDA definition amended: cap on major scheduled turnaround expenses increased to $40M per fiscal year.
- Eligible Accounts criteria amended for [***] customer: selling terms 100 days and 25% concentration limit.
- New Permitted Indebtedness of up to $25M for Coffeyville Resources Product Supply Agreement added.
- Borrowers paid $500,000 amendment fee to lenders on closing date.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1425292/000142529223000025/0001425292-23-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1425292/000142529223000025/cvi-20230926.htm
  HTML page:      https://secwatch.observer/filing/0001425292-23-000025

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