Item 8.01. Other Events.
On October 8, 2009, Coffeyville Resources, LLC (the "Company"), a
wholly-owned subsidiary of CVR Energy, Inc., and J. Aron & Company ("J. Aron"),
mutually agreed to terminate certain commodity price derivative transactions
entered into pursuant to the ISDA Master Agreement and Schedule thereto, each
dated as of June 24, 2005, as amended (the "Swap Agreement"). The Swap Agreement
was expected to terminate in 2010. However, a recent amendment to the Company's
credit facility permitted early termination of the Swap Agreement, and the
Company and J. Aron completed all of their remaining obligations under the Swap
Agreement in advance. In connection with such termination, the $60 million
funded letter of credit supporting the Company's obligations under the Swap
Agreement was terminated, with the $60 million of credit linked deposits being
returned to the lenders.
J. Aron is an affiliate of Goldman, Sachs & Co. Affiliates of Goldman, Sachs
& Co. are significant shareholders of CVR Energy, Inc.