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Published on 2/25/2015 in the Prospect News Canadian Bonds Daily and Prospect News Investment Grade Daily.

Canada's Agrium plans debentures in two tranches

By Aleesia Forni

Virginia Beach, Feb. 25 – Agrium Inc. announced a two-part offering of debentures on Wednesday, according to a filing with the Securities and Exchange Commission.

The notes feature a change-of-control put at 101%.

Bank of America Merrill Lynch, RBC Capital Markets LLC and CIBC are the bookrunners.

Proceeds will be used to reduce short-term debt.

The retailer of agricultural products is based in Calgary, Alta.


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