OCI Partners LP Launches Initial Public Offering

OCI N.V. announced on Tuesday that its subsidiary, OCI Partners LP (the “Partnership”), has commenced an initial public offering of 17,500,000 common units representing limited partner interests in the Partnership (“Common Units”) pursuant to a registration statement on Form S-1 previously filed with the U.S. Securities and Exchange Commission (“SEC”).

The Partnership intends to grant the underwriters a 30-day option to purchase up to an additional 2,625,000 Common Units.  The Common Units have been approved for listing on the New York Stock Exchange and will trade under the symbol “OCIP.”

The offering represents a 21.7% limited partner interest in the Partnership, or a 25.0% limited partner interest if the underwriters exercise in full their option to purchase additional Common Units. OCI NV, through certain of its subsidiaries, will hold a non-economic general partner interest and the remaining limited partner interest in the Partnership.

BofA Merrill Lynch, Barclays and Citigroup are acting as joint book-running managers for the offering.  Allen & Company LLC and J.P. Morgan are co-managers for the offering.  This offering of common units will be made only by means of a written prospectus.

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