Terra Nitrogen terminates $50 million revolving credit facility

By Sara Rosenberg

New York, Sept. 29 - Terra Nitrogen LP elected to terminate its $50 million revolving credit facility, according to a n 8-K filed with the Securities and Exchange Commission on Wednesday.

The termination was effective on Tuesday.

Citicorp was the administrative agent on the deal.

As was previously reported, the company had to get a waiver under the revolver because of a change-of-control event of default resulting from the completion of the acquisition of Terra Industries Inc. by CF Industries Holdings Inc. This waiver was set to expire on Sept. 28.

Terra Nitrogen is a Deerfield, Ill.-based manufacturer of nitrogen fertilizer products.

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