Parties
Company
Nutrien Ltd.
Bank
CIBC Capital Markets
Bank
Goldman Sachs & Co. LLC
Company
J.P. Morgan Securities LLC
Bank
RBC Capital Markets, LLC
Bank
Barclays Capital Inc.
Bank
PNC Capital Markets LLC
Company
Rabo Securities USA, Inc.
Bank
TD Securities (USA) LLC
Bank
Wells Fargo Securities, LLC
Bank
BMO Capital Markets Corp.
Bank
BofA Securities, Inc.
Bank
Citigroup Global Markets Inc.
Bank
Morgan Stanley & Co. LLC
Bank
MUFG Securities Americas Inc.
Bank
Santander US Capital Markets LLC
Bank
Scotia Capital (USA) Inc.
Bank
SMBC Nikko Securities America, Inc.
Company
ANZ Securities, Inc.
Company
Evercore Group L.L.C.
Bank
U.S. Bancorp Investments, Inc.
Announced on June 17, 2024, and closed on June 21, 2024, Nutrien Ltd. completed a USD 1 billion (approximately CAD 1.33 billion) offering of senior notes, comprising USD 400 million (CAD 532 million) in 5.200% notes due 2027 and USD 600 million (CAD 798 million) in 5.400% notes due 2034. Proceeds were allocated to retire USD 500 million (CAD 665 million) of 5.900% senior notes maturing in November 2024, reduce short-term debt, support working capital, and fund general corporate purposes. CIBC Capital Markets, Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, and RBC Capital Markets led the underwriting syndicate, which included Barclays Capital Inc., PNC Capital Markets LLC, Rabo Securities USA, Inc., TD Securities (USA) LLC, Wells Fargo Securities, LLC, BMO Capital Markets Corp., BofA Securities, Inc., Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, MUFG Securities Americas Inc., Santander US Capital Markets LLC, Scotia Capital (USA) Inc., SMBC Nikko Securities America, Inc., ANZ Securities, Inc., Evercore Group L.L.C., and U.S. Bancorp Investments, Inc. Legal counsel included Blake, Cassels & Graydon LLP for Canadian law, Jones Day for U.S. law, and Skadden, Arps, Slate, Meagher & Flom LLP for the underwriters. The notes were unlisted, with liquidity depending on potential market-making by the underwriters.
Deal Type
Public/Private OfferingIndustry
AgricultureTransaction
$ 1,330,000,000Deal Status
ClosedClosing Date
21 June 2024