Share Issue/Capital Change • Oct 10, 2013
Share Issue/Capital Change
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Amsterdam, the Netherlands / 9 October 2013 9:15 PM
OCI N.V. announced today that its subsidiary, OCI Partners LP (the "Partnership"), has closed its initial public offering of 17,500,000 common units representing limited partner interests in the Partnership ("Common Units") at US\$ 18.00 per Common Unit. The Common Units trade on the New York Stock Exchange under the ticker symbol "OCIP."
BofA Merrill Lynch, Barclays and Citigroup acted as joint book-running managers for the offering. Allen & Company LLC and J.P. Morgan acted as co-managers for the offering.
A registration statement relating to these securities has been filed with, and declared effective by, the Securities and Exchange Commission ("SEC"). The registration statement is available on the SEC's website at www.sec.gov. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities described above, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
OCI Partners LP is a master limited partnership that owns and operates a recently upgraded, integrated methanol and ammonia production facility that is strategically located on the Texas Gulf Coast near Beaumont. The Partnership is headquartered in Nederland, Texas. The Partnership currently has a methanol production capacity of 730,000 metric tons per year and an ammonia production capacity of 265,000 metric tons per year. The facility is currently undertaking a debottlenecking project that we anticipate will increase its annual methanol production capacity by 25% to approximately 912,500 metric tons and its annual ammonia production capacity by 15% to approximately 305,000 metric tons. The project is expected to be completed during the third quarter of 2014.
OCI N.V. is a global nitrogen-based fertilizer producer and engineering & construction contractor based in the Netherlands. The Fertilizer Group owns and operates nitrogen fertilizer plants in the Netherlands, the United States, Egypt and Algeria and has an international distribution platform spanning from the Americas to Asia. The Fertilizer Group ranks among the world's top fertilizer producers with a fertilizer production capacity of nearly 7 million metric tons. The Construction Group provides international engineering and construction services primarily on infrastructure, industrial and high-end commercial projects in the United States, Europe, the Middle East, North Africa and Central Asia for public and private clients. The Construction Group ranks among the world's top global contractors. OCI N.V. employs more than 75,000 people in 35 countries around the globe and is listed on the NYSE Euronext in Amsterdam.
Omar Darwazah Email: [email protected]
Erika Wakid Email: [email protected]
Hassan Badrawi Email: [email protected] Director
Tel: +44 207 439 4801
Fax: +44 207 439 4802
For additional information on OCI N.V.:
Mijnweg 1, 6167 AC Geleen, The Netherlands
OCI N.V. stock symbols: OCI / OCI.NA / OCI.AS / OCINY
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