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Published on 5/31/2016 in the Prospect News Bank Loan Daily.

CVR Partners plans to repay credit facility with funds from new notes

By Marisa Wong

Morgantown, W.Va., May 31 – CVR Partners, LP said it intends to repay in full and terminate its outstanding credit facility using proceeds from a notes offering.

The company announced on Tuesday that it plans to offer $625 million of senior secured notes due 2023.

CVR is a Sugar Land, Texas-based manufacturer of nitrogen fertilizers.


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