CVR Refining Announces Exchange Offer for $500 Million 6.500% Senior Notes Due 2022
SUGAR LAND, Texas, Aug. 15, 2013 /PRNewswire/ -- CVR Refining, LP (NYSE: CVRR) announced today that its wholly-owned subsidiaries, CVR Refining, LLC and Coffeyville Finance Inc. (the "issuers"), have commenced an offer to exchange up to U.S. $500 million of their outstanding 6.500% senior notes due 2022 (the "Outstanding Notes") for a like principal amount of their 6.500% senior notes due 2022 (the "Exchange Notes" and, together with the Outstanding Notes, the "Notes") which have been registered under the Securities Act of 1933, as amended. The exchange offer will expire at 5:00 p.m. New York City time, on September 13, 2013, unless extended by the issuers. CVR Refining, LP is a parent guarantor of the Notes.
The terms of the Exchange Notes to be issued in the exchange offer are substantially identical to those of the Outstanding Notes, except that the Exchange Notes will not have securities law transfer restrictions, are not entitled to certain registration rights relating to the Outstanding Notes and the Exchange Notes will not provide for the payment of additional interest under circumstances relating to the timing of the exchange offer. Wells Fargo Bank, National Association ("Wells Fargo"), the trustee under the indenture governing the Notes, is serving as the exchange agent in connection with the exchange offer. Persons with questions regarding the exchange offer should contact Wells Fargo at (800) 344-5128. Requests for documents relating to the exchange offer should be directed to Wells Fargo.
This news release does not constitute an offer to sell or the solicitation of an offer to buy the Notes and the related guarantees. The exchange offer is being made only pursuant to a prospectus and the related letter of transmittal and only to such persons and in such jurisdictions as is permitted under applicable law.
Forward Looking Statements
This news release contains forward-looking statements. You can generally identify forward-looking statements by our use of forward-looking terminology such as "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, and any subsequently filed quarterly reports on Form 10-Q. 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 Refining undertakes no duty to update its forward-looking statements.
About CVR Refining, LP
Headquartered in Sugar Land, Texas, CVR Refining, LP is an independent downstream energy limited partnership that owns refining and related logistics assets in the Midcontinent United States. CVR Refining's subsidiaries operate a 115,000 barrel per day complex full coking medium-sour crude oil refinery in Coffeyville, Kan., and a 70,000 bpd medium complexity crude oil refinery in Wynnewood, Okla. CVR Refining's subsidiaries also operate supporting logistics assets including approximately 350 miles of pipelines, more than 125 crude oil transports, a network of strategically located crude oil gathering tank farms, and more than six million barrels of owned and leased crude oil storage capacity.
For further information, please contact:
CVR Refining, LP
CVR Refining, LP
SOURCE CVR Refining, LP