Nutrien Ltd. announced the pricing of USD 750 million aggregate principal amount of 4.900% senior notes due March 27, 2028 and USD 750 million aggregate principal amount of 5.800% senior notes due March 27, 2053 (together, the "senior notes"). The offering is expected to close on or about March 27, 2023, subject to customary closing conditions. The senior notes, registered under the multi-jurisdictional disclosure system in Canada and the United States, will not be offered in Canada or to any resident of Canada. Nutrien intends to use the net proceeds from this offering to repay its USD 500 million aggregate principal amount of 1.900% senior notes upon their maturity on May 13, 2023, to reduce outstanding indebtedness
under its short-term credit facilities, to finance working capital and for general corporate purposes. The senior notes will be unsecured and rank equally with Nutrien's existing senior unsecured debt. The joint book-running managers for the offering are BMO Capital Markets, Citigroup, Morgan Stanley and Scotiabank.