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Rentech Nitrogen Partners, L.P. To Acquire Fertilizer Producer Agrifos LLC; Secures Debt Financing Commitments For The Purchase

The table below reconciles the Pasadena plant’s 2013 forecasted EBITDA to operating income for the twelve months ending December 31, 2013, excluding one-time costs associated with transition and integration (stated in millions).

 
Operating Income     $ 20
Plus: Depreciation   5
2013 Estimated Plant EBITDA $ 25
 

About Rentech Nitrogen Partners, L.P.

Rentech Nitrogen ( www.rentechnitrogen.com) 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 operating subsidiary of Rentech Nitrogen Partners, L.P. 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.

Forward-Looking Statements

This press release contains forward-looking statements about matters such as: forecasted EBITDA, operating income and accretion; the outlook for the business; our ability to consummate the acquisition of Agrifos and the related financing; successful integration and future performance of acquired assets or businesses; and successful implementation and execution of potential internal growth projects. These statements are based on management’s current expectations and actual results may differ materially as a result of various risks and uncertainties. Other factors that could cause actual results to differ from those reflected in the forward-looking statements are set forth in Rentech Nitrogen’s prior press releases and periodic public filings with the Securities and Exchange Commission, which are available via Rentech Nitrogen’s website at www.rentechnitrogen.com. The forward-looking statements in this press release are made as of the date of this press release and Rentech Nitrogen does not undertake to revise or update these forward-looking statements, except to the extent that it is required to do so under applicable law.



Stock quotes in this article: RNF 

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