Viterra Inc.
TSX : VT
ASX : VTA

Viterra Inc.

February 10, 2011 13:08 ET

Viterra Announces Senior Note Offering

CALGARY, ALBERTA--(Marketwire - Feb. 10, 2011) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

Viterra Inc. (TSX:VT) (ASX:VTA) today announced an offering in Canada of C$200 million of senior unsecured notes with a maturity date of February 16, 2021 and a yield of 6.406%. The offering is being made pursuant to the Company's short form base shelf prospectus dated August 6, 2010 and a prospectus supplement to be filed on or about February 10, 2011. The senior unsecured notes will be offered through a syndicate of underwriters led by TD Securities Inc. and RBC Capital Markets.

"Bond market yields are very attractive. We see this as another opportunity to reduce future financing risk and bolster liquidity during this rising commodity price cycle," said Rex McLennan, Viterra's Chief Financial Officer.

The proceeds will be used to partially repay drawings on its Global Credit Facility.

The Offering is subject to customary regulatory approvals and closing conditions. The Notes have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States to any person absent registration or an applicable exemption from registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy the Notes in the United States.

About Viterra

Viterra Inc. provides premium quality ingredients to leading global food manufacturers. Headquartered in Canada, the global agribusiness has extensive operations across Canada, the United States, Australia, and New Zealand. Our growing international presence also extends to offices in Japan, Singapore, China, Switzerland, Italy, Ukraine and Germany. Driven by an entrepreneurial spirit, we operate in three distinct businesses: grain handling and marketing, agri-products, and value-added processing. Our expertise, close relationships with producers, and superior logistical assets allow the company to consistently meet the needs of the most discerning end-use customers, helping to fulfill the nutritional needs of people around the world.

Contact Information

  • Viterra Inc.
    Peter Flengeris
    Investor Relations and Corporate Affairs
    (306) 569-4810
    www.viterra.com