IMC Global starts roadshow for $310 million 10-year deal, pricing Friday

By Paul A. Harris

St. Louis, July 14 - IMC Global began the roadshow Monday for $310 million of senior notes due 2013 (B1/B+), according to an informed source.

The deal is expected to price Friday, the source added.

Goldman Sachs and JP Morgan are underwriters on the Rule 144A offering.

IMC Global will use proceeds to fund the purchase of up to $100 million of its 6.55% notes due 2005 and up to $200 million of its 7 5/8% senior notes due 2005.

The company is a Lake Forest, Ill.-based producer and marketer of concentrated phosphates and potash crop nutrients for the agricultural industry and animal feed ingredients.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.