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Debt

3 Months Ended

Mar. 31, 2025

Debt

Debt

10.  Debt

Debt consists of the following:

​

​	​	​	​	​	​	​
​	​	March 31,		​	December 31,
​		2025			2024
​	​	(in millions)
Holding Company:	​	​		​	​
6.250% senior notes due 2026	​	$	719	​	$	719
5.250% senior notes due 2027	​		1,384	​		1,384
4.375% senior notes due 2029	​	​	656	​	​	656
9.750% senior notes due 2029	​	​	698	​	​	698
10.000% senior notes due 2029	​	​	495	​	​	495
9.000% senior notes due 2030	​	​	747	​	​	747
​	​		4,699	​		4,699
Reporting Segments:	​	​	​	​	​	​
Energy	​		1,918	​		1,919
Automotive	​		28	​		31
Food Packaging	​		136	​		144
Real Estate	​		1	​		1
Home Fashion	​		12	​		15
​	​		2,095	​		2,110
Total Debt	​	$	6,794	​	$	6,809

​

​

​

Energy

​

As of March 31, 2025, total availability under CVR Energy’s Amended and Restated ABL Credit Agreement (“CVR Energy ABL”) and CVR Partners ABL Credit Agreement (“CVR Partners ABL”) facilities aggregated to $371 million. The CVR Energy ABL had $24 million of letters of credit outstanding as of March 31, 2025. The CVR Energy ABL matures on June 30, 2027, and the CVR Partners ABL on September 26, 2028.

Covenants

We and all of our subsidiaries are currently in compliance with all covenants and restrictions as described in the various executed agreements and contracts with respect to each debt instrument. These covenants include limitations on indebtedness, liens, investments, acquisitions, asset sales, dividends and other restricted payments and affiliate and extraordinary transactions.

Non-Cash Charges to Interest Expense

The amortization of deferred financing costs and debt discounts and premiums included in interest expense in the condensed consolidated statements of operations were $1 million for each of the three months ended March 31, 2025 and 2024, respectively.

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- References

No definition available.

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- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-Name Accounting Standards Codification
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
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