Rentech Nitrogen Partners, L.P. Announces Confidential Submission of Draft Registration Statement for Proposed Pasadena Spin-Out
By Business Wire News
Rentech Nitrogen Partners, L.P. (NYSE: RNF) today announced that a wholly owned subsidiary of Rentech Nitrogen has confidentially submitted a draft registration statement on Form S-1 with the Securities and Exchange Commission (SEC) relating to the proposed spin-out of its Pasadena, Texas facility.
It is a condition to the completion of the pending merger of Rentech Nitrogen with CVR Partners, LP that Rentech Nitrogen sell or spin-out its Pasadena facility pursuant to the terms of the merger agreement. Rentech Nitrogen filed the registration statement to prepare for a potential spin-out of the Pasadena facility in the event it is unable to close on a sale of the facility on acceptable terms in a timely manner.
This press release is being made pursuant to and in accordance with Rule 135 under the Securities Act of 1933, as amended, and does not constitute an offer to sell or the solicitation of an offer to buy securities, and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.
This press release contains forward-looking statements about matters such our ability to sell or spin-out the Pasadena facility. These statements are based on management’s current expectations. Actual results may differ materially as a result of various risks and uncertainties. Other factors that could cause actual results to differ from those reflected in the forward-looking statements are set forth in Rentech Nitrogen’s prior press releases and periodic public filings with the Securities and Exchange Commission, which are available on Rentech Nitrogen’s website at www.rentechnitrogen.com. The forward-looking statements in this press release are made as of the date of this press release. Rentech Nitrogen does not undertake to revise or update these forward-looking statements, except to the extent that it is required to do so under applicable law.
Rentech Nitrogen Partners, L.P.
Julie Dawoodjee Cafarella
Vice President of Investor Relations and Communications