SUGAR LAND, Texas, March 6, 2012 /PRNewswire/ -- CVR Energy, Inc.
(NYSE: CVI) today announced that CVR Partners, LP (NYSE: UAN) has
filed a registration statement on Form S-1 with the U.S. Securities
and Exchange Commission in connection with CVR Energy's previously
announced plan to sell a portion of its common units representing
limited partner interests of CVR Partners. As previously
announced, CVR Energy intends to use the after-tax proceeds of the
offering primarily to pay a special dividend to CVR Energy
stockholders and also to strengthen CVR Energy's balance sheet. CVR
Energy currently owns CVR Partners' general partner and
approximately 70 percent of its common units.
(Logo: http://photos.prnewswire.com/prnh/20071203/CVRLOGO)
Barclays Capital, Deutsche Bank Securities, Goldman, Sachs &
Co., Morgan Stanley and UBS Investment Bank will act as joint
book-running managers for the proposed offering. The offering
will be made only by means of a prospectus. When available, a
preliminary prospectus relating to this offering may be obtained
from:
Barclays Capital, c/o Broadridge Financial Solutions, 1155 Long
Island Avenue, Edgewood, NY 11717,
or by calling 888-603-5847, or by email at
barclaysprospectus@broadridge.com; Deutsche Bank Securities,
Attention: Prospectus Department, 100 Plaza One, Floor 2,
Jersey City, NJ 07311, or by
calling 800-503-4611, or by email at prospectus.cpdg@db.com;
Goldman, Sachs & Co., Attention: Prospectus Department, 200
West Street, New York, NY 10282,
or by calling 866-471-2526, or by email at
prospectus-ny@ny.email.gs.com; Morgan Stanley, Attention:
Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014, or by calling
866-718-1649, or by email at prospectus@morganstanley.com; or UBS
Investment Bank, Attention: Prospectus Department, 299 Park Avenue,
New York, NY 10019, or by calling
888-827-7275.
You may also get these documents for free by visiting the
Securities and Exchange Commission's website at
http://www.sec.gov.
A registration statement relating to these securities has been
filed with the Securities and Exchange Commission but has not yet
become effective. These securities may not be sold nor may
offers to buy be accepted prior to the time the registration
statement becomes effective.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of
these securities in any state in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under
the securities laws of any such state.
Forward Looking Statements
This news release may contain 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,"
"explore," "evaluate," "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 Dec. 31,
2011. 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. CVR Energy disclaims any intention or obligation
to update publicly or revise any forward-looking statements,
whether as a result of new information, future events or
otherwise.
Important Additional Information
This communication does not constitute an offer to buy or
solicitation of an offer to sell any securities. In response
to the tender offer commenced by IEP Energy LLC and Icahn
Enterprises Holdings L.P., as well as other entities affiliated
with Carl C. Icahn, CVR Energy, Inc.
("CVR Energy") has filed with the SEC a Solicitation/Recommendation
Statement on Schedule 14D-9. CVR ENERGY STOCKHOLDERS ARE STRONGLY
ENCOURAGED TO READ THE COMPANY'S SOLICITATION/RECOMMENDATION
STATEMENT ON SCHEDULE 14D-9 BECAUSE IT CONTAINS IMPORTANT
INFORMATION. Stockholders may obtain a free copy of the
Solicitation/Recommendation Statement on Schedule 14D-9, as well as
any other documents filed by CVR Energy, for no charge at the SEC's
website at www.sec.gov. Copies will also be available at no
charge in the "Investor Relations" section of the Company's website
or by writing to CVR Energy at 2277 Plaza Drive, Suite 500,
Sugar Land, Texas, 77479, Attn:
Senior Vice President, General Counsel and Secretary.
In addition, CVR Energy will file a proxy statement with the
SEC. The definitive proxy statement will be mailed to
stockholders of CVR Energy. CVR ENERGY STOCKHOLDERS ARE URGED
TO READ THESE AND OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY IN
THEIR ENTIRETY WHEN THEY BECOME AVAILABLE AS THEY WILL CONTAIN
IMPORTANT INFORMATION. Stockholders will be able to obtain free
copies of these documents (when available) and other documents
filed with the SEC by CVR Energy through the web site maintained by
the SEC at www.sec.gov and in the "Investor Relations"
section of the Company's website.
Certain Information Regarding Participants
CVR Energy, its directors and certain of its executive officers
may be deemed to be participants under the rules of the SEC.
Security holders may obtain information regarding the names,
affiliations and interests of CVR Energy's directors and executive
officers in CVR Energy's Annual Report on Form 10-K for the year
ended December 31, 2011, filed with
the SEC on February 29, 2012, and its
proxy statement for the 2011 Annual Meeting, which was filed with
the SEC on April 20, 2011.
These documents can be obtained free of charge from the sources
indicated above. Additional information regarding the
interests of these participants in any proxy solicitation and a
description of their direct and indirect interests, by security
holdings or otherwise, will also be included in any proxy statement
and other relevant materials to be filed with the SEC if and when
they become available.
About CVR Energy
Headquartered in Sugar Land,
Texas, CVR Energy, Inc.'s subsidiary and affiliated
businesses operate independent refining assets in Coffeyville, Kan., and Wynnewood, Okla., with more than185,000
barrels per day of processing capacity, a marketing network for
supplying high value transportation fuels to customers through
tanker trucks and pipeline terminals, and a crude oil gathering
system serving central Kansas,
Oklahoma, western
Missouri, southwest Nebraska
and Texas. In addition, CVR Energy
subsidiaries own a majority interest in and serve as the general
partner of CVR Partners, LP, a producer of ammonia and urea
ammonium nitrate, or UAN, fertilizers.
For further information, please contact:
Investor Relations:
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Media
Relations:
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Ed
Morgan
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Steve
Eames
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281-207-3388
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281-207-3550
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or
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MediaRelations@CVREnergy.com
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Jay
Finks
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281-207-3588
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InvestorRelations@CVREnergy.com
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SOURCE CVR Energy, Inc.