OCI Partners plans $235 million term loan B with common units IPO

By Sara Rosenberg

New York, June 14 - OCI Partners LP plans on getting a new $235 million 61/2-year senior secured term loan B in connection with its initial public offering of common units, according to an S-1 filed with the Securities and Exchange Commission on Friday.

Bank of America is the administrative agent on the deal.

Proceeds from the term loan will be used to repay a $235 million term loan B-2.

In addition, the company expects to get a new $40 million seven-year intercompany revolver with OCI Fertilizer as the lender.

OCI Partners is a Nederland, Texas-based methanol and ammonia company.

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