CVR Energy Announces Proposed $750 Million Common Stock Offering
CVR Energy is offering $500 million of shares in an underwritten public offering, alongside a sale by IEP Energy Holding LLC.
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01:21:33 PM UTC
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CVR Energy proposed a $750M common stock offering: $500M from the company and $250M from its controlling stockholder. Proceeds are intended to help fund a previously announced refinery acquisition and redeem 2028 notes; completion and terms are subject to market conditions.Material DetailsContext b…
CVR Energy, Inc. (the “Company” or “CVR Energy”) (NYSE:CVI) today announced the commencement of an underwritten public offering of $750 million of shares of its common stock (the “Offering”). The Company is offering $500 million of shares of its common stock and IEP Energy Holding LLC (the “Selling…