Sugar Land, Texas-CVR Energy Inc. said June 19 that it has filed registration documents with the SEC for a proposed offering of $125 million aggregate principal amount of CVR Energy’s convertible senior notes due 2013. CVR may sell up to an additional $18.75 million in notes to its underwriters. The net proceeds will be used for general corporate purposes. CVR also announced that documents have been filed to sell 10 million shares of common stock by certain CVR shareholders, with another 1.5 million shares possible to underwriters. The selling shareholders include affiliates of Goldman, Sachs & Co. and Kelso & Co. LP, CVR’s largest shareholders, and the company’s chairman and CEO. CVR will receive no proceeds from these stock offerings. CVR Energy recently pulled plans to sell shares in its fertilizer assets as a separate company (GM June 23, p. 14).
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