CVR Partners (UAN) Closes 12M Common Secondary Offering

May 28, 2013 4:15 PM EDT
CVR Partners, LP (NYSE: UAN) announced that Coffeyville Resources, LLC, a wholly-owned subsidiary of CVR Energy, Inc., closed an offering of 12,000,000 common units representing limited partner interests (the "common units") in the Partnership in a registered public offering at a public offering price of $25.15 per common unit. In connection with the offering, the Selling Unitholder granted the underwriters a 30-day option to purchase up to an additional 1,800,000 common units, which has not yet been exercised. The Partnership has not received and will not receive any of the proceeds from the offering and the number of common units outstanding will remain unchanged.

Credit Suisse, Citigroup, BofA Merrill Lynch, Barclays, UBS Investment Bank, Jefferies and J.P. Morgan acted as the joint book-running managers for the offering. RBC Capital Markets acted as a co-manager for the offering.


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Credit Suisse, UBS, JPMorgan, Citi, Jefferies & Co, RBC Capital, Barclays