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AI brief of an SEC Form 8-K · CVR Energy (CVI)

CVR Energy prices 10.5 million share offering at $47.55 to fund refinery acquisition

Neutral Impact 4 of 5 financing

CVR Energy agreed to sell 10,515,248 common shares at $47.55 each, with net proceeds of about $490.0 million before offering expenses, closing November 5, 2026. The company plans to use the proceeds with cash on hand and other financing to fund its acquisition of the St. Paul Park and Mandan refineries from Marathon Petroleum subsidiaries, redeem its 5.750% Senior Notes due 2028, and pay related fees.

Key points

  • Offering: 10,515,248 shares at $47.55 per share, with a 30-day option for up to 1,577,287 additional shares
  • Net proceeds of approximately $490.0 million; offering closed November 5, 2026
  • Proceeds to fund the St. Paul Park and Mandan refinery acquisition and redeem 2028 Notes; if the acquisition does not close, proceeds go to general corporate purposes
  • Selling stockholder IEP Energy Holding LLC is not included in the priced offering; the company receives no proceeds from its shares

The filing

CompanyCVR Energy (CVI)
Form8-K, current report
Filed with the SECNov 5, 2026, 4:45 PM ET
Accession number0001193125-26-450036

Items reported: 1.01 Material Definitive Agreement7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 7, 2026, 11:17 PM ET, from this filing only.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.