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CVR Energy Launches $1 Billion Senior Notes Offering Due 2031, 2034

BY MT Newswires | CORPORATE | 01/29/26 08:59 AM EST

08:59 AM EST, 01/29/2026 (MT Newswires) -- CVR Energy (CVI) said Thursday it has launched an offering of $1 billion in total principal amount of senior unsecured notes due 2031 and senior unsecured notes due 2034.

The company plans to use the net proceeds, including cash on hand or borrowings under its Petroleum ABL revolving credit facility, for the repayment of all of its principal balance under its senior secured term loan facility, the redemption of all of its outstanding 8.500% senior notes due 2029, and the redemption of $217 million total principal amount of its outstanding 5.750% senior notes due 2028.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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