Major News Mover of the day- OCI Partners LP (NYSE: OCIP)

OCI Partners LP (NYSE: OCIP) notched a move of 0.53% to $9.45 for the day. The total traded volume was 6697. The stock had closed at $9.4 on the previous day. The stock made income -5.60M on sales of 311.10M. Shares have moved -8.70% from its 1 Year high price and changed 39.90% from its 1 Year low price. The shares registered RSI (14) at 71.43 and ATR factor was seen at 0.23.”

OCI Partners LP (NYSE: OCIP) is with Insider ownership of 89.28% and institutional ownership counts to 14.00%. Shares float is 9.32M and outstanding shares are at 86.53M. The float short is currently 0.05% and short ratio is 0.04.

OCI Partners LP (NYSE: OCIP), a Delaware limited partnership (the “Partnership”), recently reported the March 13, 2018 closing of its previously announced $455 million term loan B facility (the “Term Loan B Facility”) and $40 million revolving credit facility (the “Revolving Credit Facility”) pursuant to a Credit Agreement, dated as of March 13, 2018, among the Partnership, the lenders party thereto from time to time and Bank of America, N.A., as administrative agent.

The Partnership used the proceeds of the Term Loan B Facility primarily to repay in full the previous term loan facility and to repay in full outstanding intercompany loans from and intercompany payables due to OCI N.V.

The initial interest rate on the Term Loan B will be, at the Partnership’s option, LIBOR plus 4.25% or a base rate plus 3.25%. The Term Loan B will mature on March 13, 2025. The entry into the Term Loan B Facility is expected to generate material interest savings relative to the facility it replaced, and will extend maturities significantly.

Outstanding principal amounts under the Revolving Credit Facility bear interest at an initial interest rate of, at the Partnership’s option, LIBOR plus 3.75% or a base rate plus 2.25%. The Revolving Credit Facility matures on March 13, 2020. Both facilities include a leverage-based pricing stepdown provision.

OCI Partners LP has market worth of 817.71M along 86.53M outstanding shares. The stock has recorded a weekly performance of 2.16% and monthly performance is 3.28%. Shares have moved 26.85% over the last quarter and changed 14.55% over the recent six months. The shares registered yearly performance at -3.08% and YTD move seen at 17.39%.

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