SUGAR LAND, Texas, April 13, 2011 /PRNewswire/ -- CVR
Partners, LP ("CVR Partners") today announced the closing of its
initial public offering of 22,080,000 common units at a public
offering price of $16.00 per common
unit, which included the sale of 19,200,000 common units in the
base offering and 2,880,000 common units pursuant to the
underwriters' over-allotment option. The common units are
listed on the New York Stock Exchange under the symbol "UAN."
(Logo:
http://photos.prnewswire.com/prnh/20080226/CVRLOGO)
CVR Energy, Inc. now indirectly owns approximately 69.8% of CVR
Partners' outstanding common units representing limited partner
interests and CVR Partners' general partner with its non-economic
general partner interest.
Morgan Stanley, Barclays Capital and Goldman, Sachs & Co.
acted as joint book-running managers for the initial public
offering. Dahlman Rose & Company, RBS, Simmons &
Company International and SunTrust Robinson Humphrey acted as
co-managers for the initial public offering. The offering is being
made only by means of a prospectus. A copy of the final
prospectus relating to the offering may be obtained from: Morgan
Stanley & Co. Incorporated, Attention: Prospectus Department,
180 Varick Street, 2nd Floor, New York,
NY 10014, telephone: 1-866-718-1649 or e-mail at
prospectus@morganstanley.com, Barclays Capital Inc., c/o Broadridge
Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone: 1-888-603-5847
or e-mail at barclaysprospectus@broadridge.com and Goldman, Sachs
& Co., Attention: Prospectus Department, 200 West Street,
New York, NY 10282, telephone:
1-866-471-2526 or e-mail at prospectus-ny@ny.email.gs.com.
You may also get a copy of the final prospectus for free by
visiting the Securities and Exchange Commission's website at
http://www.sec.gov.
A registration statement relating to the common units has been
declared effective by the Securities and Exchange Commission.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of the
common units in any state in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under the
securities laws of any such state.
About CVR Partners, LP
Located in Coffeyville, Kansas,
CVR Partners, LP is a Delaware
limited partnership focused primarily on the manufacture of
nitrogen fertilizers. The CVR Partners 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
1,225 ton-per-day ammonia unit, a 2,025 ton-per-day urea ammonium
nitrate unit, and a dual-train gasifier complex having a capacity
of 84 million standard cubic feet per day of hydrogen.
For further information, please
contact:
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Investor
Relations:
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Media Relations:
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Stirling Pack, Jr.
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Steve Eames
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281-207-3464
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281-207-3550
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Jay Finks
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MediaRelations@CVREnergy.com
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281-207-3588
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InvestorRelations@CVREnergy.com
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SOURCE CVR Partners, LP