CVR Energy to buy St. Paul Park, Mandan refineries for $4.2 billion
Bitget2026/11/09 14:10- CVR Energy plans to acquire MPC's St. Paul Park and Mandan refining and marketing operations for about $4.2 billion.
- The acquisition would increase crude processing capacity 86% to approximately 384,000 barrels per day across four refineries.
- The acquired marketing network provides access to up to 590 branded locations across the Upper Midwest and Northern Great Plains.
- Financing includes a $1.5 billion senior secured term loan B, $1 billion of other secured debt and $1.3 billion of equity.
- Pro forma EBITDA totaled $1.91 billion for the year ended September 30, 2026, with total debt equivalent to 2 times EBITDA.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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