CVR Energy Announces $75 Million Term Loan Principal Payment and Preliminary 2026 Capital Spending Plan

Key Terms

senior secured term loan facility financial

A senior secured term loan facility is a type of borrowed money that a company takes out, which is backed by its valuable assets like property or equipment. Because it is secured by these assets and ranks higher in repayment priority, it is considered safer for lenders and typically offers lower interest rates. For investors, it provides a relatively stable and priority claim on the company's assets if it encounters financial difficulties.

term loan financial

A term loan is a type of loan that is borrowed for a set period of time, with a fixed schedule for repaying the money, usually in regular payments. It matters to investors because it represents a company's borrowing costs and financial stability; reliable repayment of these loans can indicate strong financial health, while difficulties may signal potential risks.

capital expenditures financial

Capital expenditures are the money a company spends to buy or improve big assets like buildings, equipment, or machines that will last a long time. These investments matter because they help the company grow and operate more efficiently, similar to how upgrading a home’s appliances or adding a new room can make it better and more valuable.

renewable diesel unit technical

A renewable diesel unit is an industrial plant or a dedicated section of a fuel facility that converts biological feedstocks — such as vegetable oils, animal fats or waste oils — into diesel-equivalent fuel through chemical processing, producing a drop-in fuel usable in existing diesel engines. It matters to investors because the unit’s production capacity, operating efficiency, feedstock costs and eligibility for government credits or carbon incentives directly affect a company’s revenue, margins and regulatory exposure; think of it as adding a specialized oven that turns cheap raw ingredients into a higher-value product whose profitability depends on input prices and demand.

hydrocarbon processing technical

Hydrocarbon processing is the industrial activity that converts crude oil and natural gas into usable products like gasoline, diesel, jet fuel, heating oil and basic chemicals by separating, cleaning and chemically altering the raw material. Investors monitor it because how efficiently and safely processing is done affects product output, operating costs, environmental compliance and profit margins — like a kitchen turning raw ingredients into sellable dishes, where skill, equipment and rules determine how much you can sell and at what price.

deleveraging strategy financial

A deleveraging strategy is a plan a company uses to reduce its reliance on borrowed money by paying down loans, selling assets, trimming costs, or swapping debt for ownership stakes. Like a homeowner lowering their mortgage to ease monthly bills and risk, it can improve a firm’s financial health, credit standing and resilience to shocks — but it can also slow growth if it requires selling productive assets or cutting back investment.

SUGAR LAND, Texas--(BUSINESS WIRE)-- CVR Energy, Inc. (NYSE: CVI, “CVR Energy” or the “Company”) today announced that certain of the Company’s subsidiaries prepaid $75 million in principal of the senior secured term loan facility (the “Term Loan”) on December 31, 2025. The total outstanding principal on the Term Loan is now approximately $165 million.

CVR Energy also announced its preliminary capital spending estimates for 2026 of $200 million to $240 million on a consolidated basis. Estimated capital expenditures for 2026 by segment are as follows:

	2026 Estimate
	Maintenance					Growth					Total
(in millions)	Low		High			Low		High			Low		High
Petroleum	$	80	$	90		$	50	$	55		$	130	$	145
Nitrogen Fertilizer		35		45			25		30			60		75
Other (1)		10		15			—		5			10		20
Total	$	125	$	150		$	75	$	90		$	200	$	240

____________________
(1)	Capital expenditures for the Renewables Segment are expected to be minimal following the reversion of the renewable diesel unit back to hydrocarbon processing service in December 2025, and are included in “Other” for purposes of this guidance.

“We are pleased to make continued progress on our deleveraging strategy and have paid down 50 percent of the balance of the Term Loan issued in December 2024,” said Mark Pytosh, CVR Energy’s Chief Executive Officer. “We remain committed to returning our balance sheet to targeted leverage levels and our 2026 capital spending plan announced today reflects our efforts to focus capital spending in the Petroleum segment on projects that support safe, reliable operations while selectively investing in targeted growth projects.”

Forward-Looking Statements

This news release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements concerning current estimates, expectations and projections about future prospects, opportunities, plans, actions and events and other statements, concerns, or matters that are not historical facts are “forward-looking statements,” as that term is defined under the federal securities laws. These forward-looking statements include, but are not limited to, statements regarding our deleveraging strategy, future payments on our Term Loan and other debt instruments, debt levels and targets, the nature, amounts and timing of our capital spending, investment in growth projects, timing and impacts (including on capital spending) associated with reversion of our renewable diesel unit to hydrocarbon processing service, continued safe and reliable operations, and other matters. You can generally identify forward-looking statements by our use of forward-looking terminology such as “outlook,” “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “explore,” “evaluate,” “intend,” “may,” “might,” “plan,” “potential,” “predict,” “seek,” “should,” “upcoming,” “before,” “future,” or “will,” or the negative thereof or other variations thereon or comparable terminology. These forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond our control. Investors are cautioned that various factors may affect these forward-looking statements. For additional discussion of risk factors which may affect our results, please see the risk factors and other disclosures included in our most recent Annual Report on Form 10-K, any subsequently filed Quarterly Reports on Form 10-Q and our other Securities and Exchange Commission (“SEC”) filings. These and other risks may cause our actual performance or achievements to differ materially from any future performance or achievements expressed or implied by these forward-looking statements. Given these risks and uncertainties, you are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements included in this news release are made only as of the date hereof. CVR Energy disclaims any intention or obligation to update publicly or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by law.

About CVR Energy, Inc.

Headquartered in Sugar Land, Texas, CVR Energy is a diversified holding company primarily engaged in the petroleum refining and marketing businesses as well as in the nitrogen fertilizer manufacturing business through its interest in CVR Partners, LP. CVR Energy subsidiaries serve as the general partner and own 37 percent of the common units of CVR Partners, LP.

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Investor Relations

Richard Roberts

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InvestorRelations@CVREnergy.com

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Brandee Stephens

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Source: CVR Energy, Inc.