Rentech Nitrogen Partners, L.P. Announces Closing of Initial Public Offering of Common Units
November 09 2011 - 11:45AM
Business Wire
Rentech Nitrogen Partners, L.P. (Rentech Nitrogen) announced
today the closing of its initial public offering of 15,000,000
common units representing limited partner interests at $20.00 per
common unit. The common units are listed on the New York Stock
Exchange under the ticker symbol “RNF.”
Rentech, Inc. (NYSE AMEX: RTK) now indirectly owns approximately
60.8% of the outstanding common units of Rentech Nitrogen and 100%
of the non-economic general partner interest in Rentech
Nitrogen.
The underwriters of the initial public offering have been
granted an option to purchase up to 2,250,000 additional common
units at the public offering price for a period of 30 days after
November 3, 2011.
Morgan Stanley & Co. LLC and Credit Suisse Securities (USA)
LLC acted as joint book-running managers of the offering. Citigroup
Global Markets Inc.; RBC Capital Markets, LLC; Imperial Capital,
LLC; Brean Murray, Carret & Co., LLC; Dahlman Rose &
Company, LLC; and Chardan Capital Markets, LLC acted as
co-managers.
A copy of the final prospectus relating to the offering may be
obtained from the offices of:
Morgan Stanley & Co. LLC.180 Varick Street, 2nd FloorNew
York, New York 10014Attn: Prospectus DepartmentEmail:
prospectus@morganstanley.comTelephone: (866) 718-1649
Credit Suisse Securities (USA) LLCOne Madison AvenueNew York,
New York 10010Attn: Prospectus DepartmentTelephone: (800)
221-1037
A registration statement relating to the common units has been
filed with, and declared effective by, the Securities and Exchange
Commission. This press release shall not constitute an offer to
sell or the solicitation of an offer to buy the common units, nor
shall there be any sale of the common units in any state in which
such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state.
About Rentech Nitrogen Partners, L.P.
Rentech Nitrogen was formed by Rentech, Inc. to own, operate and
expand its nitrogen fertilizer business. Rentech Nitrogen’s assets
consist of a nitrogen fertilizer facility located in East Dubuque,
Illinois, owned by Rentech Nitrogen, LLC. The facility is located
in the Mid Corn Belt in the northwestern corner of Illinois,
adjacent to the Iowa and Wisconsin state lines, and produces
primarily anhydrous ammonia and urea ammonium nitrate solution,
using natural gas as its primary feedstock, for sale to customers
in the Mid Corn Belt.
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