Rentech Nitrogen Announces Private Offering of Second Lien Senior Secured Notes

Rentech Nitrogen Partners, L.P. (the “Partnership”) RNF, which manufactures and sells nitrogen fertilizer products including ammonia, urea ammonium nitrate solution (UAN) and ammonium sulfate, today announced that it intends to commence a private offering, subject to market and other conditions, of $320 million principal amount of second lien senior secured notes due 2021. The Partnership intends to use the net proceeds from the proposed offering to repay in full and terminate its 2012 credit agreement and interest rate swaps, to pay for expenditures related to its expansion projects and for general partnership purposes.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsOfferings
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!