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Long-Term Debt and Finance Lease Obligations
 6 Months Ended
Jun. 30, 2023
Debt Disclosure [Abstract]  
Long-Term Debt and Finance Lease Obligations
(8) Long-Term Debt and Finance Lease Obligations

Long-term debt and finance lease obligations consisted of the following:
(in millions)June 30, 2023December 31, 2022
CVR Partners:
6.125% Senior Secured Notes, due June 2028
$550 $550 
Unamortized discount and debt issuance costs(3)(3)
Total CVR Partners debt547 547 
CVR Refining, LP (“CVR Refining”):
Finance lease obligations, net of current portion40 42 
Total CVR Refining finance lease obligations, net of current portion40 42 
CVR Energy:
5.25% Senior Notes, due February 2025
600 600 
5.75% Senior Notes, due February 2028
400 400 
Unamortized debt issuance costs(3)(4)
Total CVR Energy debt997 996 
Total long-term debt and finance lease obligations, net of current portion1,584 1,585 
Current portion of finance lease obligations7 6 
Total long-term debt and finance lease obligations, including current portion$1,591 $1,591 
Credit Agreements
(in millions)Total Available Borrowing CapacityAmount Borrowed as of June 30, 2023Outstanding Letters of CreditAvailable Capacity as of June 30, 2023Maturity Date
CVR Partners:
Asset Based (“Nitrogen Fertilizer ABL”) Credit Agreement$35 $— $— $35 September 30, 2024
CVR Refining:
Amended and Restated Asset Based (“Petroleum ABL”) Credit Agreement$275 $— $20 $255 June 30, 2027

Covenant Compliance

The Company and its subsidiaries were in compliance with all covenants under their respective debt instruments as of June 30, 2023.