CVR Energy Inc, founded in 2007 and headquartered in Sugar Land, Texas, is a diversified holding company primarily focused on energy and fuel production. The company operates through its subsidiaries in the refining and fertilizers sectors, manufacturing a range of products that include gasoline, diesel, and nitrogen-based fertilizers.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| CVI 5.75% 2028-02-15 USDCVR Energy Inc | United States | 2028-02-15 | 5.750 | 6.81 |
| CVI 5.75% 2028-02-15 USDCVR Energy Inc | United States | 2028-02-15 | 5.750 | 6.81 |
| CVI 8.50% 2029-01-15 USDCVR Energy Inc | United States | 2029-01-15 | 8.500 | 9.14 |
| CVI 8.50% 2029-01-15 USDCVR Energy Inc | United States | 2029-01-15 | 8.500 | 8.95 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
CVR Energy first began issuing bonds in 2013, with a notable issuance of $300 million in senior unsecured notes to refinance existing debt and fund growth initiatives. As of late 2023, CVR's bond offerings have yielded competitive rates in the industry, with recent bond yields reported at approximately 6.5%, reflecting a robust demand amidst rising interest rates. In 2021, the company notably redeemed a portion of its outstanding bonds, aiming to enhance liquidity and strengthen its capital structure, highlighting its proactive approach to managing debt levels in a fluctuating market.