Transactions & Cases Detail



Transaction/Case Details

Viterra completes its offer to purchase for cash, and solicitation of consents on, Viterra’s C$200M principal amount 6.406% senior unsecured notes

DATE CLOSED

June 5, 2014

BUSINESS SECTOR

Food & Beverage

LEAD OFFICE

Toronto

VALUE

200 Million CAD


OVERVIEW

On June 6, 2014, Viterra Inc. announced that its offer to purchase outstanding 6.406% Senior Unsecured Notes (the “Notes”) due 2021 issued pursuant to an indenture (the “Indenture”) dated August 6, 2010 had expired. Viterra had previously announced that: (a) it had accepted for purchase an aggregate of approximately C$175 million principal amount of the Notes; and (b) certain amendments it had been seeking to the Indenture had received requisite approvals and been implemented. Also on June 6, 2014, Viterra announced that it had delivered notice to the Trustee under the Indenture exercising Viterra's right to redeem all the Notes that then remained outstanding.

Viterra is Canada's grain industry leader, supported by the expertise of its people, a superior network of assets, and unrivalled connections to world markets. Headquartered in Regina, Saskatchewan, its commitment to agriculture goes back nearly 100 years, partnering with farmers to market and move their crops to areas of need around the world.

McCarthy Tétrault represented Viterra with a team consisting of Adam Taylor, Andrew Parker, Jake Irwin and Ryan Hornby (Corporate Finance/Capital Markets and Mining).

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