CVR Energy Prices Initial Public Offering at $19.00 Per Share.SUGAR LAND, Texas -- CVR CVR See contingent value right (CVR). Energy, Inc. announced today its initial public offering of 20 million shares of common stock priced at $19.00 per share. The shares are scheduled to begin trading tomorrow on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors "CVI CVI C (Language) Virtual Instrument CVI Clinical and Vaccine Immunology (journal) CVI Chronic Venous Insufficiency CVI Coastal Vulnerability Index CVI Canaan Valley Institute ." Goldman, Sachs & Co. and Deutsche Bank Securities Inc. acted as joint bookrunners on the transaction and serve as representatives of the underwriters, which also include Credit Suisse Securities (USA) LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , Citigroup Global Markets Inc. and Simmons & Company International. The offering's underwriters will have a 30-day option to purchase up to 3 million additional shares of common stock. The net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). from the offering will be used to repay $280 million of term loans under the company's credit facility, to reduce other corporate debt and for general corporate purposes. A registration statement relating to these securities has been filed and declared effective by the U.S. Securities and Exchange Commission. This news release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these 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 offering will be made only by means of a written prospectus forming part of the effective registration statement. Copies of the final prospectus Final Prospectus A legal document stating the price of a newly issued security, the delivery date, and other facts that are important for investors. Notes: The final prospectus must be given to every investor who purchases a new issue of registered securities. relating to this offering may be obtained, when available, by contacting: Goldman, Sachs & Co., 85 Broad Street, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , N.Y. 10004, or Deutsche Bank Securities Inc., Prospectus Department, 100 Plaza One, Jersey City, N.J. 07311. About CVR Energy, Inc. Headquartered in Sugar Land, Texas, CVR Energy, Inc. is an independent refiner and marketer of high value transportation fuels and, through a limited partnership, a producer of ammonia and urea ammonia nitrate fertilizers. CVR Energy's petroleum business includes an 113,500 barrel per day, complex, full-coking sour crude refinery in Coffeyville, Kan. In addition, CVR Energy's supporting businesses include a crude oil gathering system serving central Kansas, northern Oklahoma and southwest Nebraska; storage and terminal facilities for asphalt and refined fuels in Phillipsburg, Kan.; and a rack marketing division supplying product to customers through tanker trucks and at throughput terminals. |
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