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Rentech Secures $100 Million Revolving Loan Facility

Rentech, Inc. (NASDAQ: RTK) today announced that it has secured a $100 million revolving loan facility, collateralized by a portion of the units of Rentech Nitrogen Partners, L.P. owned by a subsidiary of Rentech, Inc. The revolving loan facility has a maturity of three years and an interest rate on outstanding loan amounts of LIBOR plus 4.0% per year. Rentech intends to use the net proceeds from the facility to fund growth in its wood fibre processing business and for general corporate purposes. Rentech borrowed $50 million under the facility, with the remaining $50 million of capacity available for future borrowings, so long as certain conditions are satisfied at the time of borrowing.

Dan Cohrs, Chief Financial Officer of Rentech, stated, “The revolving loan facility provides us with low-cost capital that we can use to fund our strategy of expanding our wood fibre processing business through acquisitions and new development, with the goal of an initial public offering as a master limited partnership.”

Rentech provided 15.4 million of the 23.25 million common units of Rentech Nitrogen currently owned by Rentech as initial collateral. Under certain circumstances, up to 19.4 million units may be pledged as collateral. Rentech will continue to receive all cash distributions paid on the collateral units and retains the right to sell units not held as collateral as long as certain conditions outlined in the loan facility are met. Rentech, Inc. is the guarantor of the revolving loan facility.

Credit Suisse AG, Cayman Islands Branch is serving as lead lender and administrative agent on the facility. Credit Suisse AG, Cayman Islands Branch and Morgan Stanley Bank, N.A. each hold $50 million of the revolving loan facility commitment at close.

About Rentech, Inc.

Rentech, Inc. ( www.rentechinc.com) owns and operates wood fibre processing and nitrogen fertilizer manufacturing businesses. The wood fibre processing business consists of the provision of wood chipping services and the manufacture and sale of wood chips, through a wholly-owned subsidiary, Fulghum Fibres, Inc., and the development of wood pellet production facilities. Rentech’s nitrogen fertilizer business consists of the manufacture and sale of nitrogen fertilizer through its publicly-traded subsidiary, Rentech Nitrogen Partners, L.P. (NYSE: RNF). Rentech also owns the intellectual property including patents, pilot and demonstration data, and engineering designs for a number of clean energy technologies designed to produce certified synthetic fuels and renewable power when integrated with third-party technologies.

Safe Harbor Statement

This press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995 about matters such as: our ability to grow our wood fibre processing business through new development and acquisitions and the timing and possibility of an initial public offering of the wood fibre processing business as a master limited partnership. 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 the Company’s prior press releases and periodic public filings with the Securities and Exchange Commission, which are available via Rentech’s website at www.rentechinc.com. The forward-looking statements in this press release are made as of the date of this press release and Rentech 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.

Copyright Business Wire 2010

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