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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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