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    PotashCorp Prices Offering of $500 Million of 10-year Notes

    Jocelyn Aspa
    Dec. 02, 2016 09:07AM PST
    Potash Investing

    PtashCorp (TSX:POT) has announced it has priced an offering of $500 million aggregate principal amount of 4.000 percent notes due December 15, 2026. As quoted in the press release: Goldman, Sachs & Co., Morgan Stanley, RBC Capital Markets and Scotiabank are acting as joint book-running managers of the offering. BMO Capital Markets, BofA Merrill Lynch, …

    PtashCorp (TSX:POT) has announced it has priced an offering of $500 million aggregate principal amount of 4.000 percent notes due December 15, 2026.
    As quoted in the press release:

    Goldman, Sachs & Co., Morgan Stanley, RBC Capital Markets and Scotiabank are acting as joint book-running managers of the offering. BMO Capital Markets, BofA Merrill Lynch, CIBC Capital Markets, HSBC, MUFG, Rabo Securities, TD Securities, SMBC Nikko, UBS Securities LLC and Wells Fargo Securities are acting as co-managers of the offering.
    PotashCorp intends to use the net proceeds of the offering to refinance existing debt, which may include repaying a portion of the outstanding amounts under our commercial paper facilities or redeeming our US $500,000,000 aggregate principal amount of outstanding 3.250 percent notes prior to maturity on December 1, 2017. The offering is expected to close on December 6, 2016, subject to customary closing conditions.
    The offering is being made under an automatic shelf registration statement filed with, and declared effective by, the Securities and Exchange Commission on June 29, 2016.

    Click here to read the full press release.

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