CVR Energy Announces Secondary Public Offering of 7,376,264 Shares of Common
Stock
SUGAR LAND, Texas, Nov. 5 /PRNewswire-FirstCall/ -- CVR Energy, Inc. (NYSE:
CVI) today announced that one of its stockholders has commenced a registered
underwritten public offering of 7,376,264 shares of CVR Energy's common stock.
(Logo: http://www.newscom.com/cgi-bin/prnh/20071203/CVRLOGO)
The selling stockholder, an affiliate of Goldman, Sachs & Co., currently owns
approximately 36 percent of CVR Energy's outstanding common stock and
following the offering will continue to own approximately 28 percent of CVR
Energy's outstanding common stock. The company will not receive any of the
proceeds of the offering.
Deutsche Bank Securities is acting as the sole book-running manager of the
offering. The offering will be made only by means of a prospectus and related
prospectus supplement, copies of which may be obtained when available from:
Deutsche Bank Securities, Attention: Prospectus Department, 100 Plaza One,
Jersey City, NJ 07311, 800-503-4611 or e-mail at
prospectusrequest@list.db.com. You may also get these documents for free by
visiting the Securities and Exchange Commission's website at www.sec.gov.
This press release shall not constitute an offer to sell or a solicitation of
an offer to buy the shares of common stock or any other securities, nor shall
there be any sale of the shares of common stock or any other securities in any
state or jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities laws of
any such state or jurisdiction. The common stock will be offered pursuant to
an effective registration statement filed with the Securities and Exchange
Commission.
This news release contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. You can generally identify
forward-looking statements by our use of forward-looking terminology such as
"anticipate," "believe," "continue," "could," "estimate," "expect," "intend,"
"may," "might," "plan," "potential," "predict," "seek," "should," or "will,"
or the negative thereof or other variations thereon or comparable terminology.
These forward-looking statements are only predictions and involve known and
unknown risks and uncertainties, many of which are beyond our control. For a
discussion of risk factors which may affect our results, please see the risk
factors and other disclosures included in our Annual Report on Form 10-K for
the year ended December 31, 2008. These risks may cause our actual results,
performance or achievements to differ materially from any future results,
performance or achievements expressed or implied by these forward-looking
statements. Given these risks and uncertainties, you are cautioned not to
place undue reliance on such forward-looking statements. The forward-looking
statements included in this press release are made only as of the date hereof.
The Company undertakes no duty to update its forward-looking statements.
About CVR Energy, Inc.
Headquartered in Sugar Land, Texas, CVR Energy, Inc.'s subsidiary and
affiliated businesses include an independent refiner that operates a 115,000
barrel per day refinery in Coffeyville, Kan., and markets high value
transportation fuels supplied to customers through tanker trucks and pipeline
terminals; a crude oil gathering system serving central Kansas, northern
Oklahoma, eastern Colorado, western Missouri and southwest Nebraska; an
asphalt and refined fuels storage and terminal business in Phillipsburg, Kan.;
and through a limited partnership, an ammonia and urea ammonium nitrate
fertilizer business located in Coffeyville, Kan.
For further information, please contact:
Investor Relations: Media Relations:
Stirling Pack, Jr. Steve Eames
CVR Energy, Inc. CVR Energy, Inc.
281-207-3464 281-207-3550
InvestorRelations@CVREnergy.com MediaRelations@CVREnergy.com
SOURCE CVR Energy, Inc.
Investors, Stirling Pack, Jr., +1-281-207-3464,
InvestorRelations@CVREnergy.com, or Media, Steve Eames, +1-281-207-3550,
MediaRelations@CVREnergy.com, both of CVR Energy, Inc.
