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CVR Refining LP Prices Public Offering At $30.75 per Common Unit


Tuesday, 14 May 2013 07:51pm EDT 

CVR Refining LP announced the pricing of public offering of 12,000,000 common units representing limited partner interests at the public offering price of $30.75 per Common Unit. CVR Refining has granted the underwriters an option to purchase up to an additional 1,800,000 Common Units from CVR Refining at the public offering price. All of the Common Units to be sold in this offering (including the Common Units that may be sold to satisfy the underwriters' option) will be sold by CVR Refining. The offering is expected to close on May 20, 2013. CVR Refining intends to use the net proceeds from the offering, including any proceeds from the underwriters' option to purchase additional Common Units, to redeem from CVR Refining Holdings, LLC (CVR Refining Holdings) a number of Common Units equal to the number of Common Units sold in the offering. Accordingly, the offering will not change the number of Common Units outstanding. 

Company Quote

16.9
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24 Dec 2014