CVR Partners Announces $550 Million Private Placement of Senior Secured Notes Due 2028 and Notice of Conditional Partial Redemption for its 9.250% Senior Secured Notes Due 2023
CVR Partners intends to use the proceeds of the Offering to fund a partial redemption of the Issuers outstanding 9.250% Senior Secured Notes due 2023 (the 2023 Notes).
- CVR Partners intends to use the proceeds of the Offering to fund a partial redemption of the Issuers outstanding 9.250% Senior Secured Notes due 2023 (the 2023 Notes).
- CVR Partners also announced today that the Issuers have delivered a notice of conditional partial redemption for $550 million of the Issuers outstanding 2023 Notes at a par redemption price, plus accrued and unpaid interest on the 2023 Notes, to be redeemed on June 23, 2021 (the Redemption Date).
- As of March 31, 2021, there were outstanding $645 million aggregate principal amount of 2023 Notes.
- Wilmington Trust, National Association is the trustee (the Trustee) for the 2023 Notes and is serving as the paying agent for the partial redemption.