CVR Refining pricing $500 million 10-year secured notes Tuesday

By Paul A. Harris

Portland, Ore., Oct. 9 - CVR Refining, LLC and Coffeyville Finance, Inc. plan to price a $500 million offering of 10-year second-lien senior secured notes on Tuesday, according to a syndicate source.

Credit Suisse Securities (USA) LLC, Citigroup Global Markets Inc., Barclays, UBS Investment Bank and Jefferies & Co. are the joint bookrunners.

The Rule 144A and Regulation S with registration rights notes come with five years of call protection. The notes feature a three-year 35% equity clawback and a 101% poison put.

Proceeds will be used to refinance existing first-lien debt and for general corporate purposes.

The prospective issuer is a Sugar Land, Texas-based refiner and marketer of transportation fuels and producer of nitrogen fertilizers.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.