SUGAR LAND, Texas, Nov. 5 /PRNewswire-FirstCall/ -- CVR Energy, Inc. 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.
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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 http://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
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CVR Energy, Inc.
CONTACT: 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.
Web Site: http://www.cvrenergy.com/
