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Potash Corp. eyeing $500 million 10-year notes offering Monday
By Aleesia Forni
Virginia Beach, March 23 – Potash Corp. of Saskatchewan Inc. is planning to price $500 million of senior notes due 2025 during Monday’s session, according to a market source and a 424B5 filed with the Securities and Exchange Commission.
BofA Merrill Lynch, Goldman Sachs & Co., RBC Capital Markets LLC and HSBC Securities (USA) Inc. are the joint bookrunners.
Proceeds will be used for general corporate purposes, which may include the redemption of $500 million of Potash's 3.75% notes maturing on Sept. 30, 2015.
Potash is a fertilizer and related industrial and feed products company based in Saskatoon, Sask.
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