Nutrien Prices Offering of an Aggregate of US$1 Billion of 5-Year and 10-Year Senior Notes
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.
