PotashCorp Prices Offering of US $750 Million of 10-Year Notes
March 4, 2014, 5:27 p.m.
SASKATOON, SK, March 4, 2014 /PRNewswire/ - Potash Corporation of Saskatchewan Inc. (PotashCorp) today announced that it has priced an offering of US $750 million aggregate principal amount of 3.625 percent notes due March 15, 2024.
BofA Merrill Lynch, Morgan Stanley and UBS Investment Bank are acting as joint book-running managers of the offering. BMO Capital Markets, RBC Capital Markets, Scotiabank, CIBC, HSBC, Mitsubishi UFJ Securities, Rabo Securities, TD Securities, Goldman, Sachs & Co., Credit Agricole CIB, SMBC Nikko, US Bancorp, and Comerica Securities are acting as co-managers of the offering.
PotashCorp intends to use the net proceeds of the offering for general corporate purposes, including to refinance its US $500 million aggregate principal amount of outstanding 5.250% notes maturing on May 15, 2014. The offering is expected to close on March 7, 2014, subject to customary closing conditions.