March 29, 2017 7:50 PM ET

Chemicals

Company Overview of OCI Nitrogen B.V.

Company Overview

OCI Nitrogen B.V. produces ammonia and nitrogen fertilizers for grasslands and agricultural crops. It offers ammonia products that include anhydrous ammonia, aqueous ammonia, nitric acid, argon, carbon dioxide, and hydrogen. The company also provides melamine, a material used in the wood based panel industry for adhesives and laminates that has applications in areas, such as boards, paints, plastic tableware, laminates, wood-based panels, coatings, resins, molding powders, flame retardants, concrete plasticizers, paper and textile, and dinnerware, as well as in personal care products, consumer goods, flame retardants, and banknotes. The company supplies its ammonia products through pipes, ra...

Mijnweg 1

Geleen,  6167 AC

Netherlands

Founded in 2010

Phone:

31 46 702 0111

Fax:

31 46 452 8615

Key Executives for OCI Nitrogen B.V.

Chief Executive Officer
Chief Financial Officer
President of Oci Kaltim Melamine Indonesia and Director of Oci Kaltim Melamine Indonesia
Director of Human Resources & General Affairs
Director of Marketing & Sales - Fertilizers
Compensation as of Fiscal Year 2016.

OCI Nitrogen B.V. Key Developments

OCI N.V. Announces EUR 550 Million Financing Facilities for OCI Nitrogen

OCI N.V. announced that its subsidiary OCI Nitrogen in The Netherlands has successfully concluded the refinancing and upsizing of its outstanding debt with EUR 550 million of term loans and revolving credit facilities. OCIN intends to use the net proceeds to refinance EUR 300 million of debt and provide the remaining proceeds to its parent company, OCI N.V. The financing package comprises a EUR 250 million term loan facility A, a EUR 250 million term loan facility B and a EUR 50 million revolving credit facility. The TLA is amortized over five years and the TLB will be repaid on the maturity date in 2021. The weighted average opening margin is 4.23% over EURIBOR. Rabobank and Credit Agricole CIB acted as joint global coordinators, mandated lead arrangers and book runners for the fund-raising and VTB Bank, BNP Paribas and HSBC acted as mandated lead arrangers. The lending group includes seven banks that are lenders under OCIN's existing facility, as well as ten new lenders to OCIN. In addition to the OCIN refinancing, OCI N.V. received proceeds totaling $300 million in May and August 2016 following the Natgasoline tax exempt bond issuance and the Natgasoline subscription agreement with Proman. These funds, together with the recently received $150 million break-up fee, have been used to repay $400 million of short-term facilities at the holding company level. The total proceeds of almost $1.1 billion from these fund-raisings and refinancing have been utilized to reduce OCI N.V.'s debt, settling short-term obligations, and to provide financing for on-going expansion projects in the United States.

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Recent Private Companies Transactions

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