On August 4, 2010, Viterra Inc. (TSX:VT), (ASX:VTA) announced the closing of its private placement of US$400 million of 5.95% senior notes due 2020. The notes were issued at a price of 99.481%, will pay interest semi-annually on February 1 and August 1 of each year beginning February 1, 2011 and will mature on August 1, 2020.
Proceeds from the private placement will be used to reduce borrowings under Viterra's Global Credit Facility and for general corporate purposes. The notes have not been and will not be registered under the U.S. Securities Act.
Viterra is a Canadian agribusiness organized into five segments: grain handling and marketing, agri-products, food processing, feed products and financial products.
Further information is found on Viterra's website.