SUGAR LAND, Texas, May 31, 2016 /PRNewswire/ -- CVR Partners, LP ("CVR Partners") (NYSE: UAN) today announced that its subsidiary, CVR Nitrogen, LP (f/k/a East Dubuque Nitrogen Partners, L.P., f/k/a Rentech Nitrogen Partners, L.P.) (the "Company") has extended its previously announced cash tender offer (the "Tender Offer") to purchase any and all of its outstanding 6.500% Second Lien Senior Secured Notes due 2021 (CUSIP Nos. 76011Q AA7 and U76034 AA2) (the "Notes") issued by the Company and CVR Nitrogen Finance Corporation (f/k/a East Dubuque Finance Corporation, f/k/a Rentech Nitrogen Finance Corporation) (together with the Company, the "Issuers"). The Tender Offer, which was scheduled to expire at 5:00 p.m. New York City Time on May 27, 2016, has been extended to 5:00 p.m., New York City time, on June 8, 2016, unless further extended by the Company. The Company is not extending the withdrawal deadline with respect to the Tender Offer, which occurred on May 26, 2016 (the "Withdrawal Deadline"). Accordingly, previously tendered Notes and Notes tendered after the Withdrawal Deadline and prior to the expiration of the Tender Offer may not be withdrawn. The Company has also announced that it has revised the withdrawal deadline and the expiration date of its offer to purchase for cash any and all of its outstanding Notes at a purchase price of 101% of the aggregate principal amount (the "Change of Control Offer") to June 23, 2016 and June 27, 2016, respectively. All other terms and conditions of the Tender Offer and the Change of Control Offer shall remain unchanged.
According to information provided by Ipreo LLC, the Information and Tender Agent for the Tender Offer, as of 5:00 p.m., New York City time, on May 26, 2016, the Company had received tenders from holders of $315,245,000 in aggregate principal amount of the Notes, representing approximately 98.51% of the total outstanding principal amount of the Notes.
This announcement is not an offer to purchase, a solicitation of an offer to sell or a solicitation of consents with respect to any securities. The Tender Offer is being made solely by the Company's Offer to Purchase and Consent Solicitation Statement dated April 29, 2016 as supplemented. The Change of Control Offer is being made solely by the Change of Control Notice and Offer to Purchase dated April 29, 2016 as supplemented. Neither the Tender Offer nor the Change of Control Offer is being made to holders of the Notes in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction.
About CVR Partners, LP
Headquartered in Sugar Land, Texas, with manufacturing facilities located in Coffeyville, Kansas, and East Dubuque, Illinois, CVR Partners is a Delaware limited partnership focused primarily on the manufacture of nitrogen fertilizers. CVR Partners' Coffeyville nitrogen fertilizer manufacturing facility is the only operation in North America that uses a petroleum coke gasification process to produce nitrogen fertilizer and includes a 1,300 ton-per-day ammonia unit, a 3,000 ton-per-day urea ammonium nitrate (UAN) unit and a dual-train gasifier complex having a capacity of 89 million standard cubic feet per day of hydrogen. CVR Partners' East Dubuque nitrogen fertilizer manufacturing facility uses natural gas to produce nitrogen fertilizer and primarily includes a 1,025 ton-per-day ammonia unit and a 1,100 ton-per-day UAN unit.
The principal executive offices of CVR Partners are located at 2277 Plaza Drive, Suite 500, Sugar Land, TX 77479 and its telephone number is 281-207-3200.
This news release contains forward-looking statements. You can generally identify forward-looking statements by our use of forward-looking terminology such as "outlook," "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "might," "plan," "potential," "predict," "seek," "should," or "will," or the negative thereof or other variations thereon or comparable terminology. These forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond our control. For a discussion of risk factors which may affect our results, please see the risk factors and other disclosures included in our most recent Annual Report on Form 10-K, any subsequently filed Quarterly Reports on Form 10-Q and our other SEC filings. These risks may cause our actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements. Given these risks and uncertainties, you are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements included in this press release are made only as of the date hereof. CVR Partners disclaims any intention or obligation to update publicly or revise its forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by law.
CVR Partners, LP
CVR Partners, LP
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SOURCE CVR Partners, LP