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RENTECH NITROGEN RECEIVES $50 MILLION FROM GE CAPITAL
Source: GE Capital news release

GE Capital today announced it is providing Rentech Nitrogen Partners, L.P. (NYSE:RNF) with a $50 million cash flow financing for a series of capacity expansion projects to support the partnership's future growth. The facility will also be available, if needed, for general partnership purposes.

The partnership, headquartered in Los Angeles, is a leading provider of natural gas-based nitrogenous fertilizers, with manufacturing facilities located in East Dubuque, IL and Pasadena, TX.

"Through GE we were able to secure a flexible financing solution with attractive terms to fund growth projects at our facilities," said Dan J. Cohrs, CFO of Rentech Nitrogen GP, LLC. "GE and Rentech have a long-term relationship and we look forward to continuing to work with them."

"We are focused on customizing capital solutions for middle-market companies like Rentech Nitrogen to support strategic initiatives," said Bob McCarrick, chief commercial officer-lending, for GE Capital, Corporate Finance.

"By combining our industry and structuring expertise, we provided Rentech Nitrogen with opportunistic growth financing for their master limited partnership."


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