Rentech Agrees to Vote 59.7% Ownership Interest in Rentech Nitrogen Partners in Favor of Proposed Merger with CVR Partners

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Rentech, Inc.
RTK
announced today that it has agreed to vote its 59.7% ownership interest in Rentech Nitrogen Partners, L.P.
RNF
in favor of the proposed merger with CVR Partners LP. Upon the closing of the merger, Rentech would receive approximately $318 million in cash and units of CVR Partners, plus a retained interest in Rentech Nitrogen's Pasadena facility, based on the closing unit price of CVR Partners on August 7, 2015. Rentech and other holders of Rentech Nitrogen would receive the value of the Pasadena facility upon the disposition of the asset. Rentech Nitrogen and CVR Partners will host a conference call today at 7:00 a.m. PDT regarding the announcement. Additional details will be provided in an investor presentation posted
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