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Actionable news in CVI: CVR ENERGY Inc,

Entry into a Material Definitive

The information set forth in the Introductory Note is incorporated herein by reference.

On April 1, 2016, in connection with the closing of the Merger, CVR Partners entered into a new $320 million senior term loan facility (the AEPC Facility) with American Entertainment Properties Corp., a Delaware corporation and an affiliate of CVR Partners (AEPC), as the lender, which (i) may be used by CVR Partners to provide funds to Rentech Nitrogen to make a change of control offer and, if applicable, a clean-up redemption in accordance with the indenture governing Rentech Nitrogens 6.500% Second Lien Senior Secured Notes due 2021 (the Second Lien Notes) or (ii) may be used by CVR Partners or Rentech Nitrogen to make a tender offer for the Second Lien Notes and, in each case, pay fees and expen ses related thereto. The AEPC Facility is for a term of two years and bears interest at a rate of 12% per annum. The AEPC Facility contains covenants that require CVR Partners to, among other things, notify AEPC of the occurrence of any default or event of default and provide AEPC with information in respect of CVR Partners' business and financial status as it may reasonably require, including, but not limited to, copies of CVR Partners' unaudited quarterly financial statements and audited annual financial statements. In addition, the AEPC Facility contains customary events of default, including, among others, failure to pay any sum payable when due and the occurrence of a default of other indebtedness in excess of $25.0 million.

On April 1, 2016, in connection with the closing of the Merger, CVR Partners entered into a new $300 million senior term loan facility (the Coffeyville Facility) with Coffeyville Resources, LLC, a Delaware limited liability company, the sole member of CVR GP and an indirect, wholly-owned subsidiary of CVR Energy (Coffeyville), as the lender, which may be used by CVR Partners (i) to fund the repayment of amounts outstanding under the Credit Agreement, dated as of July 22, 2014, as amended, among Rentech Nitrogen, Rentech Nitrogen Finance Corporation, the guarantors party thereto, the lenders and other financial institutions party thereto, and Wells Fargo Bank, National Association, as successor-in-interest by assignment from General Electric Company, as administrative agent, (ii) to pay the Cash Consideration and to pay fees and expenses in connection with the Merger and related transactions and...


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