CVR Energy announced the prepayment of $75 million in principal of the senior secured term loan facility on December 31, 2025.
The outstanding principal on the Term Loan is now approximately $165 million.
The Company also revealed its preliminary capital spending estimates for 2026 ranging from $200 million to $240 million.
Deleveraging Strategy Progress
CVR Energy paid down 50% of the balance of the Term Loan issued in December 2024, showcasing progress in their deleveraging strategy.
Focused Capital Spending
The 2026 capital spending plan emphasizes safe and reliable operations in the Petroleum segment, with targeted growth projects receiving selective investments.
Forward-Looking Statements
The news release included forward-looking statements about deleveraging strategies, future payments on debt instruments, capital spending, and operational focus.
- CVR Energy's prepayment of $75 million demonstrates a commitment to reducing debt and achieving targeted leverage levels.
- The 2026 capital spending plan indicates strategic allocation of funds to support operational excellence and targeted growth projects.
CVR Energy's proactive approach to debt reduction and strategic capital spending reflects its commitment to financial prudence and growth. The Company's focus on safe operations and targeted investments positions it well for sustainable value creation in the industry.