Business
Nutrien Prices Offering of an Aggregate of US$1.0 Billion of 2-Year and 7-Year Senior Notes
Nutrien Ltd. (TSX and NYSE: NTR) today announced the pricing of US$400 million aggregate principa...
About this update from Nutrien Ltd.
[{"type":"text","content":"Nutrien Prices Offering of an Aggregate of US$1.0 Billion of 2-Year and 7-Year Senior Notes\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n \n\n\n\n Nutrien Ltd. (TSX and NYSE: NTR) today announced the pricing of US$400 million aggregate principal amount of 4.500 percent senior notes due March 12, 2027 and US$600 million aggregate principal amount of 5.250 percent senior notes due March 12, 2032 (together, the “senior notes”). The offering is expected to close on or about March 13, 2025, subject to customary closing conditions.\n \n\n Nutrien intends to use the net proceeds from this offering to repay its US$500 million aggregate principal amount of 3.000% senior notes upon their maturity on April 1, 2025 and its US$500 million aggregate principal amount of 5.950% senior notes upon their maturity on November 7, 2025, pending which such proceeds may be used to reduce outstanding indebtedness under its short-term credit facilities, to finance working capital and for general corporate purposes. The senior notes will be unsecured and rank equally with Nutrien’s existing senior unsecured debt. The joint book-running managers for the offering are Barclays Capital Inc., BMO Capital Markets Corp., Citigroup Global Markets Inc., and TD Securities (USA) LLC.\n \n\n The offering will be made by way of a prospectus supplement dated March 11, 2025, to Nutrien’s short form base shelf prospectus dated March 22, 2024, filed with the securities regulatory authorities in each of the provinces of Canada, which forms a part of and is included in Nutrien’s registration statement on Form F-10, filed in the United States with the Securities and Exchange Commission (the “SEC”) under the multijurisdictional disclosure system in Canada and the United States. The senior notes will not be offered in Canada or to any resident of Canada. A final prospectus supplement in respect of the offering of the senior notes will be filed with the same regulatory authorities in Canada and the SEC.\n \n\n\n About Nutrien\n \n\n\n Nutrien is a leading global provider of crop inputs and services. We operate a world-class network of production, distribution and ag retail facilities that positions us to efficiently serve the needs of growers. We focus on creating long-term value by prioritizing investment...