CVR Partners Announces Notice of Full Redemption for its 9.250% Senior Secured Notes Due 2023
07 Fevereiro 2022 - 6:15PM
CVR Partners, LP (“CVR Partners”) (NYSE: UAN) today announced that
CVR Partners and its indirect wholly owned subsidiary, CVR Nitrogen
Finance Corporation (together with CVR Partners, the “Issuers”),
delivered a notice of full redemption for the remaining balance of
the Issuers’ outstanding 9.250% Senior Secured Notes due 2023 (the
“2023 Notes”) at a par redemption price, plus accrued and unpaid
interest on the redeemed portion of the 2023 Notes, to be redeemed
on February 22, 2022. As of February 7, 2022, there was outstanding
an aggregate principal amount of $65 million of the 2023 Notes.
Wilmington Trust, National Association is the trustee for the 2023
Notes and is serving as the paying agent for the full redemption.
Forward-Looking Statements This
news release contains forward-looking statements within the meaning
of Section 27A of the Securities Act and Section 21E of the
Securities Exchange Act of 1934, as amended. Statements concerning
current estimates, expectations and projections about future
results, performance, prospects, opportunities, plans, actions and
events and other statements, concerns, or matters that are not
historical facts are “forward-looking statements,” as that term is
defined under the federal securities laws. These forward-looking
statements include, but are not limited to, the statements
regarding the redemption of the 2023 Notes in whole, part or at
all. You can generally identify forward-looking statements by our
use of forward-looking terminology such as “anticipate,” “believe,”
“continue,” “could,” “estimate,” “expect,” “explore,” “evaluate,”
“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 additional
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 filings with the Securities and
Exchange Commission. These and other 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 news release are made only as of the date hereof.
CVR Partners disclaims any intention or obligation to update
publicly or revise any forward-looking statements, whether as a
result of new information, future events or otherwise, except to
the extent required by law.
About CVR Partners, LP
Headquartered in Sugar Land, Texas, CVR Partners,
LP is a Delaware limited partnership focused on the
production, marketing and distribution of nitrogen fertilizer
products. It primarily produces urea ammonium nitrate (UAN) and
ammonia, which are predominantly used by farmers to improve the
yield and quality of their crops. CVR Partners’ Coffeyville,
Kansas, nitrogen fertilizer manufacturing facility includes a 1,300
ton-per-day ammonia unit, a 3,000 ton-per-day 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, Illinois, nitrogen fertilizer manufacturing facility
includes a 1,075 ton-per-day ammonia unit and a 1,100 ton-per-day
UAN unit.
For further information, please contact:
Investor Relations:Richard
RobertsCVR Partners,
LP281-207-3205InvestorRelations@CVRPartners.com
Media Relations:Brandee
StephensCVR Partners,
LP281-207-3516MediaRelations@CVRPartners.com
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