Sorry!! The article you are trying to read is not available now.
GE Capital is Administrative Agent on a $300 Million Cash Flow Credit Facility for Rentech Nitrogen LLC

GE Capital, Corporate Finance today announced it is administrative agent on a $300 million cash flow credit facility for Rentech Nitrogen LLC, a manufacturer and distributor of nitrogen fertilizer products, and Rentech Nitrogen Partners, L.P. The financing funded the acquisition of Agrifos LLC, will support future growth projects and provide working capital. GE Capital Markets served as sole lead arranger and bookrunner.

Owned by Rentech Nitrogen Partners, L.P. (NYSE: RNF), Rentech Nitrogen LLC owns and operates a nitrogen fertilizer facility located in East Dubuque, IL. The facility produces primarily natural gas-based ammonium nitrate solution for sale to customers mainly in the Midwestern U.S. Based in Pasadena, TX, Agrifos LLC is the largest producer of synthetic granulated ammonium sulfate fertilizer in North America.

“The financing GE provided allowed us to acquire Agrifos and create a strategic platform for multi-year growth for Rentech Nitrogen,” said Dan J. Cohrs, CFO of Rentech Nitrogen GP, LLC. “GE acted as more than just a lender in planning and executing this transaction and brought us fresh ideas both for financing and more broadly for our business.”

“Creating custom capital solutions for clients to support their growth initiatives is our specialty,” said Tom Quindlen, president and CEO of GE Capital, Corporate Finance. “Regardless of complexity, we strive to provide a unique combination of strategic thinking, industry expertise and capital markets execution.”

About GE Capital, Corporate Finance

GE Capital, Corporate Finance provides asset-based, cash flow and structured loans and leases to mid-size and large U.S. businesses. Financing supports working capital, growth, acquisitions, turnarounds and balance sheet optimization in key sectors: Aerospace and defense; automotive and transportation; chemicals and plastics; construction and building products, corporate aircraft; energy; food and beverage; manufacturing; marine; metals and mining; paper, packaging and forest products; retail; and technology and electronics. With Access GE, clients also benefit from access to GE’s best practices to help build their business. Visit gelending.com/clnews or follow @GELendLease on Twitter.

GE Capital offers consumers and businesses around the globe an array of financial products and services. For more information, visit gecapital.com or follow company news via Twitter (@GECapital). GE (NYSE: GE) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. For more information, visit ge.com.

Contacts:

GE Capital, Corporate Finance
Jeff Wilson, 203-749-6340
jeffrey.wilson@ge.com
or
GE Capital, Americas
Ned Reynolds, 203-229-5717
ned.reynolds@ge.com
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here

WHAT'S POPULAR IN THE VILLE