Fertilizer maker Terra Nitrogen won't be renewing its three-year-old accounts receivables securitization facility when it expires in August.

The facility, made possible from parent company Terra Industries Inc., will impact the firm's bottom line, since it will have to repurchase any previously securitized receivables not yet matured.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.