debt
confidence high
sentiment neutral
materiality 0.45
Mosaic closes $400M 5.375% senior notes due 2028
MOSAIC CO
- Closed offering of $400M aggregate principal of 5.375% senior notes due 2028.
- Net proceeds of approximately $395.9M after underwriting discount and expenses.
- Proceeds to repay outstanding commercial paper and replenish cash used to repay 4.250% Senior Notes due 2023.
- Remaining proceeds for general corporate purposes, including possible other debt repayment.
- Notes issued under existing indenture; underwriters include BofA, Barclays, Citi, J.P. Morgan.