CVR Energy Inc. Announces $750 Million Common Stock Offering to Fund Acquisition and Debt Redemption

CVR Energy Inc. (NYSE: CVI) has filed a prospectus supplement for a common stock offering totaling $750,000,000. The company is offering $500,000,000 of shares, and a selling stockholder is offering an additional $250,000,000. CVR Energy intends to use its net proceeds from the offering, along with cash on hand and other financing, to fund an acquisition and effect a debt redemption.