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Potash Corp. eyeing $750 million 10-year notes offering Tuesday
By Aleesia Forni
Virginia Beach, March 4 - Potash Corp. of Saskatchewan is planning to price $750 million of senior notes due 2024 during Tuesday's session, according to a market source and a 424B5 filed with the Securities and Exchange Commission.
BofA Merrill Lynch, Morgan Stanley & Co. LLC and UBS Securities LLC are the joint bookrunners.
Proceeds will be used for general corporate purposes, including the refinancing of $500 million of Potash's 5.25% notes maturing on May 15, 2014.
Potash is a fertilizer and related industrial and feed products company based in Saskatoon, Sask.
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