CVR to do IPO for refinery

Sugar Land, Texas — CVR Energy Inc. said Oct. 1 that CVR Refining LP (CVR Refining), an indirect, wholly-owned subsidiary of the company, has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission in connection with a proposed initial public offering of its common units representing limited partner interests. CVR Refining intends to list its common units on the New York Stock Exchange under the symbol "CVRR." The number of common units to be offered and the price range for the offering have not yet been determined. All of the common units to be sold in this offering (including the common units that may be sold to satisfy the underwriters’ over-allotment option) will be sold by CVR Refining. Credit Suisse Securities (USA) LLC and Citigroup Global Markets Inc. will act as joint book-running managers for the proposed offering. The offering will be made only by means of a prospectus. A registration statement relating to these securities has been filed with the Securities and Exchange Commission, but has not yet become effective. CVR Energy Inc.’s subsidiary and affiliated businesses operate independent refining assets in Coffeyville, Kan., and Wynnewood, Okla., with more than 185,000 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, southwestern 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.