Rentech Nitrogen to start roadshow Thursday for $320 million notes

By Paul A. Harris

Portland, Ore., April 3 - Rentech Nitrogen Partners, LP and Rentech Nitrogen Finance Corp. plan to start a roadshow on Thursday for their $320 million offering of eight-year senior secured notes, according to a syndicate source.

The deal is set to price in the week ahead.

Credit Suisse Securities (USA) LLC, BMO Securities, Morgan Stanley & Co. LLC and RBC Capital Markets are the joint bookrunners.

The Rule 144A and Regulation S for life notes become callable in three years at par plus 75% of the coupon. The notes feature a three year 35% equity clawback and a 101% poison put.

The nitrogen fertilizer company plans to use the proceeds to refinance debt and fund future capital expenditures.

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