CVR Energy Announces Pricing of Offering of Common Stock
Key Highlights
- ➤CVR Energy (CVI) prices 10,515,248 shares at $47.55 each
- ➤Offering expected to generate approximately $490.0 million net proceeds
- ➤Proceeds target St. Paul Park and Mandan refinery acquisition funding
- ➤Company plans to redeem outstanding 5.750% Senior Notes due 2028
- ➤Offering expected to close November 5, 2026, subject to customary conditions
CVR Energy, Inc. (the “Company” or “CVR Energy”) (NYSE: CVI) today announced the pricing of its previously announced underwritten public offering of 10,515,248 shares of its common stock (the “Offering”) at a public offering price of $47.55 per share. In addition, the Company has granted the underwriters a 30-day option to purchase up to an additional 1,577,287 shares of common stock from the Company, equal to 15% of the common stock sold in the public offering, at the public offering price, less underwriting discounts and commissions. The Offering does not include any shares being sold by IEP Energy Holding LLC, the selling stockholder identified in the preliminary prospectus supplement.
The Offering is expected to close on November 5, 2026, subject to customary closing conditions.
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