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Rentech to use intercompany bridge for nitrogen expansion
11 January 2012
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[rentech]
[illinois]
[nitrogen]
[fertiliser]
Synthetic fuels developer Rentech is providing Rentech Nitrogen Partners with a $40 million bridge loan to fund development of an ammonia and storage expansion project. The loan is available until, and matures on, 31 May, and accrues interest at 550bp over Libor. Rentech, which is general partner and majority limited...
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