Nutrien (NTR.TO) late Tuesday announced the pricing of US$500 million aggregate principal amount of 4.850 percent senior notes due May 29, 2031, and US$500 million aggregate principal amount of 5.350 percent senior notes due May 29, 2036.
The company plans to use the net proceeds from this offering to repay its US$500 million aggregate principal amount of 4.000% senior notes upon their maturity on Dec. 15, 2026, 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, it stated.
"The joint book-running managers for the offering are CIBC World Markets Corp., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, and Scotia Capital (USA) Inc," added the company.
The offering is expected to close on or about May 29, 2026, subject to customary closing conditions.