Viterra Inc.

Viterra Inc.

July 07, 2009 16:54 ET

Viterra Closes $300 Million Senior Note Offering

CALGARY, ALBERTA--(Marketwire - July 7, 2009) -


Viterra Inc. (TSX:VT) is pleased to announce that its offering of $300 million of 8.5% senior notes due July 7, 2014 has closed.

The Senior Note Offering (the "Offering") was issued via a private placement in Canada and via Regulation D in the United States to exempt purchasers. The Offering was placed through a syndicate of agents led by TD Securities Inc. that also includes Scotia Capital, RBC Capital Markets, J.P. Morgan Securities Canada, CIBC World Markets, National Bank Financial, and HSBC Securities (Canada). Proceeds will be used for general corporate purposes.

The notes will rank at least pari passu with all of Viterra's existing and future indebtedness other than its revolving credit facility.

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.

Forward-Looking Information

This release contains forward looking statements that involve certain risks and uncertainties which could cause actual results to differ materially from future results expressed or implied by such statements. Important factors that could affect these statements include, without limitation, weather conditions; producer's decisions regarding total planted acreage, crop selection, and utilization levels of farm inputs such as fertilizers and pesticides; Canadian grain export levels; changes in government policy and transportation deregulation; world agricultural commodity prices and markets; changes in competitive forces including pricing pressures; and global political and economic conditions, including grain subsidy actions of the United States and European Union.

Viterra Inc. is Canada's leading agribusiness, with extensive operations and distribution capabilities across Western Canada, and with operations in the United States, Japan, Singapore and Geneva. The Company is diversified into sales and services of crop inputs and equipment, grain handling and marketing, livestock feed, agri-food processing and financial products. These operations are complemented by value-added businesses and strategic alliances, which allow Viterra to leverage its pivotal position between Prairie farmers and destination customers. The Company's common shares are listed on the Toronto Stock Exchange under the symbol VT.

Contact Information

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