Rentech completes fertilizer producer, Agrifos acquisition

Rentech completes fertilizer producer, Agrifos acquisition

7:34 AM, 6th November 2012
Rentech completes fertilizer producer, Agrifos acquisition

LOS ANGELES, US: Rentech Inc’s majority-owned subsidiary, Rentech Nitrogen Partners LP, has completed acquisition of Agrifos LLC, the leading producer of synthetic granulated ammonium sulfate fertilizer in North America. Agrifos’ fertilizer production facility is located in Pasadena, Texas.

The business will become a subsidiary of Rentech Nitrogen. Rentech currently owns 23.25 million units of Rentech Nitrogen, a publicly-traded partnership that also owns a nitrogen fertilizer manufacturing plant located in East Dubuque, IL.

In conjunction with the closing of this acquisition, Rentech Nitrogen amended its existing debt facility and expanded its borrowing base from $135 million to $300 million. The debt facility will continue to be guaranteed by Rentech Nitrogen. GE Capital served as administrative agent and GE Capital Markets served as sole lead arranger and book-runner for the debt facilities.

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