The Mosaic Company has commenced cash tender offers to purchase up to $1.4 billion of its outstanding senior notes and debentures. The offers are part of a debt management strategy and are contingent upon the completion of a new offering of senior notes to fund the purchases.
Key Details
- Offer Size: The company will purchase notes up to an aggregate purchase price of $1,400,000,000 (the "Tender Cap").
- Targeted Securities: The offers are for four series of notes with specific priority levels: 4.050% Notes due 2027, 7.30% Debentures due 2028, 5.375% Notes due 2028, and 4.350% Notes due 2029. The 2029 notes are subject to a separate $150 million cap.
- Timeline & Conditions: The tender offers are scheduled to expire at 5:00 p.m. New York City time on August 14, 2026, with an expected settlement date of August 18, 2026. The offers are subject to the company successfully raising sufficient funds through a new debt offering.