Energy News

Houston-area refiner to raise $1 billion

Houston-based CVR Energy Inc. (NYSE: CVI) is looking to raise $1 billion in debt funding.

The company is holding two private placements of $400 million and $600 million in senior unsecured notes due in 2028 and 2025, respectively, according to a Jan. 10 filing with the U.S. Securities and Exchange Commission.

The company plans to use the proceeds from the placements first to pay down the outstanding principal of its notes due in 2022, according to a press release. As of the start of 2019, the 2022…