Los Angeles-Rentech Inc., which owns a nitrogen plant in East Dubuque, Ill., said on March 30 that it filed a shelf registration statement on Form S-3 to replace its existing shelf registration, which expires on March 31, 2009. The new registration statement has been filed with the Securities and Exchange Commission; if declared effective by the SEC, it would allow the company to sell, from time to time, up to $100 million of various types of securities in one or more offerings. Rentech is not required to offer or sell all or any portion of the securities in the future under the shelf registration statement, and will do so only if market conditions warrant and if Rentech’s needs for capital require such sales of securities. The terms of any offering under the shelf registration statement would be established at the time of any such offering. Rentech said the filing is intended to give it flexibility to take advantage of financing opportunities when market conditions are favorable to the company. The use of potential future proceeds from the sale of securities under the shelf registration statement could enable Rentech to accelerate the development of the company’s planned renewable and fossil synthetic fuels facilities. Rentech has no current agreements, plans, or discussions to offer any of the shares covered under the Form S-3 for sale. The shelf registration statement that has been filed is not yet effective.
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