CVR Energy Prices 10.5 Million-Share Offering at $47.55

Nov 4, 2026 3:21 AM

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CVR Energy, Inc. priced its public offering of 10,515,248 shares of common stock at $47.55 per share, anticipating approximately $490.0 million in net proceeds. The company will combine these funds with cash on hand and financing transactions to finance its acquisition of Marathon Petroleum and MPLX LP refineries in St. Paul Park, Minnesota, and Mandan, North Dakota, along with related marketing businesses. Additionally, the proceeds will be allocated to redeem the company's outstanding 5.750% Senior Notes due 2028 and cover related transaction fees and expenses.

AI-generated summary

CVR Energy, Inc. (NYSE: CVI) announced the pricing of its previously announced underwritten public offering of 10,515,248 shares of common stock at $47.55 per share.

The company expects to receive approximately $490.0 million in net proceeds after deducting underwriting discounts and commissions.

CVR Energy intends to combine the offering proceeds with cash on hand and net proceeds from other related financing transactions to fund its previously announced acquisition of the St. Paul Park, Minnesota, and Mandan, North Dakota, refineries and related marketing business from certain subsidiaries of Marathon Petroleum Corporation and MPLX LP.

The company also plans to use the funds to redeem its outstanding 5.750% Senior Notes due 2028 and pay related fees and expenses.

This article may include AI-generated content that is human-reviewed, which is for reference and general information purposes only and does not constitute investment advice.

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

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