OCI Partners LP Launches Initial Public Offering

Sep 24, 2013, 09:00 ET from OCI Partners LP

NEDERLAND, Texas, Sept. 24, 2013 /PRNewswire/ -- OCI Partners LP, a Delaware limited partnership (the "Partnership"), announced today that it 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 percent limited partner interest in the Partnership, or a 25.0 percent limited partner interest if the underwriters exercise in full their option to purchase additional Common Units.

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.  When available, a written prospectus, which meets the requirements of Section 10 of the Securities Act of 1933, may be obtained from:

BofA Merrill Lynch
222 Broadway
New York, NY 10038
Attention: Prospectus Department
Email: dg.prospectus_requests@baml.com

c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
Phone: (800) 603-5847
Email: barclaysprospectus@broadridge.com

c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
Phone: (800) 831-9146
Email: batprospectsdept@citi.com

A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. 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.

About OCI Partners LP

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. OCI Beaumont currently has a methanol production capacity of 730,000 metric tons per year and an ammonia production capacity of 264,990 metric tons per year.

Forward-Looking Statements

This press release contains forward-looking statements.  Statements that are predictive in nature, that depend upon or refer to future events or conditions or that include the words "believe," "expect," "anticipate," "intend," "estimate" and other expressions that are predictions of or indicate future events and trends and that do not relate to historical matters identify forward-looking statements.  These forward-looking statements involve certain risks and uncertainties, including, among others, that our business plans may change as circumstances warrant and common units of the Partnership may not ultimately be offered to the public because of general market conditions or other factors.  For more information concerning factors that could cause actual results to differ materially from those conveyed in the forward-looking statements, please refer to the "Risk Factors" section of the registration statement on Form S-1 filed with the SEC, as amended.  The Partnership undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, changed circumstances or otherwise, unless required by law.