Viterra Inc.
TSX : VT
ASX : VTA

Viterra Inc.

September 26, 2011 13:39 ET

Viterra Expands Global Revolving Credit Facility

CALGARY, ALBERTA--(Marketwire - Sept. 26, 2011) - Viterra Inc. (TSX:VT) (ASX:VTA) is pleased to announce that it has signed an agreement with its banking syndicate to increase the Company's unsecured global credit facility from C$1.6 billion to C$2.1 billion with reduced borrowing costs and improved terms. Through the agreement, the maturity date has also been extended by an additional two years to September 26, 2015. TD Securities and RBC Capital Markets acted as Joint Bookrunners and Lead Arrangers along with Commonwealth Bank of Australia, HSBC Bank and Rabobank Nederland, Canadian Branch acting as Co-Lead Arrangers.

"We moved opportunistically to take advantage of our strong financial position and banking relationships. This action is consistent with our focus on cost efficiencies and improving our return on assets as we grow our business platform," said Rex McLennan, Viterra's Chief Financial Officer.

Forward Looking Information

This publication contains forward-looking information relating to Viterra's outlook (such statements are usually accompanied by words such as "anticipate", "expect" or similar words). All forward-looking statements reflect Viterra's beliefs and assumptions based on information available at the time the statements were made, are given as of the date of this publication, and are subject to important risks and uncertainties. Readers are cautioned not to place undue reliance on this forward-looking information except as required by law. For additional information on the risk and uncertainties which could cause actual results to differ from anticipated results, please refer to Viterra's Management Discussion and Analysis dated 19 January 2011, which can be found under Viterra's profile on SEDAR at www.sedar.com and other reports filed by Viterra with Canadian and Australian securities regulators.

About Viterra

Viterra provides premium quality ingredients to leading global food manufacturers. Headquartered in Canada, the global agri-business has extensive operations across Canada, the United States, Australia, and New Zealand. Our growing international presence also extends to offices in Japan, Singapore, China, Vietnam, Switzerland, Italy, Ukraine, Germany, Spain and India. Driven by an entrepreneurial spirit, we operate in three distinct businesses: grain handling and marketing, agri-products, and processing. Viterra's 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