Rentech Nitrogen Partners, L.P. Announces Launch of Initial Public Offering

Rentech Nitrogen Partners, L.P. (Rentech Nitrogen) today announced the launch of its initial public offering of 15,000,000 common units representing limited partner interests at an anticipated initial public offering price between $19 and $21 per common unit. Rentech Nitrogen will list its common units on the New York Stock Exchange under the symbol "RNF." In connection with the offering, Rentech Nitrogen anticipates granting the underwriters a 30-day option to purchase up to 2,250,000 additional common units from Rentech Nitrogen at the initial public offering price, less underwriting discounts and commissions.

After the offering, Rentech, Inc. (NYSE AMEX: RTK) will indirectly own common units representing approximately 60.8% of Rentech Nitrogen’s outstanding common units (approximately 54.9% if the underwriters exercise their option to purchase additional common units in full) and 100% of the non-economic general partner interest in Rentech Nitrogen.

Morgan Stanley & Co. LLC and Credit Suisse Securities (USA) LLC are acting as joint book-running managers for the initial public offering. Citigroup Global Markets Inc., RBC Capital Markets, LLC, Imperial Capital, Brean Murray, Carret & Co., LLC, Dahlman Rose & Company, LLC and Chardan Capital Markets, LLC are acting as co-managers for the initial public offering. The offering will be made only by means of a prospectus. When available, a preliminary prospectus relating to the offering may be obtained from:

Morgan Stanley & Co. LLC.
180 Varick Street, 2nd Floor
New York, New York 10014
Attn: Prospectus Department
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Credit Suisse Securities (USA) LLC
One Madison Avenue
New York, New York 10010
Attn: Prospectus Department
Telephone: (800) 221-1037

A copy of the preliminary prospectus may also be obtained for free by visiting the Securities and Exchange Commission's website at http://www.sec.gov.

A registration statement relating to the common units has been filed with the Securities and Exchange Commission but has not yet become effective. The common units may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the common units in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

This news release contains forward-looking statements within the meaning of the federal securities laws. These forward-looking statements involve certain risks and uncertainties, including, among others, risks impacting the ability of Rentech Nitrogen Partners to complete any public offering of its securities because of general market conditions or other factors.

About Rentech Nitrogen Partners, L.P.

Rentech Nitrogen Partners was formed by Rentech, Inc. to own, operate and expand its nitrogen fertilizer business. Upon completion of the offering, Rentech Nitrogen Partners’ assets will consist of a nitrogen fertilizer facility located in East Dubuque, Illinois, which is currently owned by Rentech Energy Midwest Corporation, another wholly owned subsidiary of Rentech, Inc. The facility is located in the Mid Corn Belt in the northwestern corner of Illinois, adjacent to the Iowa and Wisconsin state lines, and produces primarily anhydrous ammonia and urea ammonium nitrate solution, using natural gas as its primary feedstock, for sale to customers in the Mid Corn Belt.

Contact:

Rentech Nitrogen Partners, L.P.
Julie Dawoodjee
Vice President of Investor Relations and Communications
310-571-9800
This email address is being protected from spambots. You need JavaScript enabled to view it.