CVR Energy voluntarily prepaid portion of tranche D term loans

By Jennifer Chiou

New York, March 12 - CVR Energy Inc. made $25 million of voluntary unscheduled principal payments on its tranche D term loans, $20 million of which occurred in January with $5 million in February, according to a 10-K filing with the Securities and Exchange Commission.

In connection with these voluntary prepayments, the company paid a 2% premium totaling $500,000 to the lenders.

The outstanding balance as of March 8 was $453.3 million.

The payments occurred primarily as a result of a partial reduction of CVR's contango crude oil inventory in January and February.

Sugar Land, Texas-based CVR is an independent refiner and marketer of transportation fuels.

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