CVR Energy priced its underwritten public offering of 10,515,248 shares of common stock at $47.55 per share, generating approximately $490.0 million in net proceeds after deducting underwriting discounts and commissions. The transaction closed on November 5, 2026. Proceeds will be used to finance the acquisition of St. Paul Park and Mandan refineries from Marathon Petroleum Corporation affiliates, redeem outstanding 5.750% Senior Notes due 2028, and pay related expenses. CVR Energy is a diversified holding company primarily engaged in petroleum refining and marketing, as well as nitrogen fertilizer manufacturing.
