Mosaic launches cash tender offers for up to USD 1.4 billion of notes, debentures
MOS•Mosaic launches cash tender offers for senior debt
Mosaic launched cash tender offers for certain outstanding senior notes, targeting up to USD 1.4 billion of purchases.
Eligible debt includes 4.05% Senior Notes due 2027, 7.30% Debentures due 2028, and 5.375% Senior Notes due 2028. The 4.35% Senior Notes due 2029 are included with a USD 150 million series cap.
Pricing is set for Aug. 14, based on Treasury reference yields plus fixed spreads, with settlement expected on Aug. 18. Completion is conditioned on financing, including a proposed public offering of new senior notes to fund the buyback.
