debt
confidence high
sentiment neutral
materiality 0.60
Mosaic closes $2B senior notes offering; funds tender offers for existing debt
MOSAIC CO
- Issued $1.0B 5.350% notes due 2031, $500M 5.650% notes due 2034, $500M 5.900% notes due 2036.
- Net proceeds of ~$1,983.3M after underwriting discounts and expenses.
- Proceeds to fund tender offers up to $1.4B for 2027, 2028, 2029 notes and 2028 debentures.
- Tender offers commenced Aug 10, 2026; settlement pending; remainder for general corporate purposes.
- Underwriters: Citigroup, BofA Securities, J.P. Morgan, Wells Fargo.