FOR IMMEDIATE RELEASE
Rentech Energy Midwest Corporation Completes $62.5 Million Debt
Proceeds to be Used to Repay REMC’s Existing Debt and Fund Development of
Rentech’s Technology and Projects
LOS ANGELES (February 1, 2010) – Rentech, Inc. (NYSE AMEX: RTK) today announced that
Rentech Energy Midwest Corporation (REMC), its wholly-owned nitrogen fertilizer operation,
secured $62.5 million of debt financing.
The net proceeds of the financing will be used to repay REMC’s outstanding term loan of
approximately $37.1 million and for general corporate purposes, including funding development of
the Company’s technology and synthetic fuels and power projects. The new term loan will mature
on July 29, 2014 and is expected to be repaid from cash flows generated by REMC. Credit Suisse
was the sole lead arranger of the loan.
“We are pleased to have shown our access to the credit market by closing on this $62.5 million
term loan, which strengthens Rentech’s consolidated liquidity and extends the maturity of our term
debt at REMC,” said Dan Cohrs, Executive Vice President and Chief Financial Officer of Rentech.
Mr. Cohrs continued, “This loan demonstrates the value of REMC, which provides both cash and
operational expertise as we implement our alternative energy strategy.”
The Company stated that its fiscal year 2010 budgeted activities are fully financed. Budgeted
activities for the fiscal year include the current phase of development (pre-front-end engineering
and design work, such as permitting) for the Company’s Rialto and Natchez Projects, operation of
the Product Demonstration Unit, continued research and development of the Rentech
technologies and funding of general working capital needs.
About Rentech, Inc.
Rentech, Inc. (www.rentechinc.com), incorporated in 1981, provides clean energy solutions. The
Company’s Rentech-SilvaGas biomass gasification process can convert multiple biomass
feedstocks into synthesis gas (syngas) for production of renewab