Rentech Nitrogen Partners, L.P. Announces Filing of Registration Statement for Initial Public Offering
05 August 2011 - 8:05PM
Business Wire
Rentech Nitrogen Partners, L.P., a wholly owned subsidiary of
Rentech, Inc. (NYSE Amex: RTK), announced today that it has filed a
registration statement on Form S-1 with the U.S. Securities and
Exchange Commission in connection with a proposed initial public
offering of its common units representing limited partner
interests. An application will be made to list the common units on
the New York Stock Exchange under the symbol "RNF." The number of
common units to be offered and the price range for the offering
have not yet been determined.
Rentech Nitrogen Partners was formed by Rentech, Inc. to own,
operate and expand its nitrogen fertilizer business. Upon
completion of the offering, Rentech Nitrogen Partners’ assets will
consist of a nitrogen fertilizer facility located in East Dubuque,
Illinois, which is currently owned by Rentech Energy Midwest
Corporation, another wholly owned subsidiary of Rentech, Inc. 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.
Morgan Stanley & Co. LLC and Credit Suisse Securities (USA)
LLC will act as joint book-running managers for the proposed
offering. The offering will be made only by means of a prospectus.
When available, a preliminary prospectus relating to this offering
may be obtained from:
Morgan Stanley & Co. LLC. 180 Varick Street, 2nd Floor New
York, New York 10014 Attn: Prospectus Department
Email: prospectus@morganstanley.com
Credit Suisse Securities (USA) LLC One Madison Avenue New
York, New York 10010 Attn: Prospectus Department Telephone: (800)
221-1037
A registration statement relating to these securities has been
filed with the Securities and Exchange Commission but has not yet
become effective. These securities may not be sold nor may offers
to buy be accepted prior to the time the registration statement
becomes effective.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to the registration or
qualification under the securities laws of any such state or
jurisdiction.
This news release contains forward-looking statements within the
meaning of the federal securities laws. These forward-looking
statements involve certain risks and uncertainties, including,
among others, risks impacting the ability of Rentech Nitrogen
Partners to complete any public offering of its securities because
of general market conditions or other factors.
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