IHS Chemical Week

People & Business :: Companies

Terra Approves Special Dividend, Prices Debt Offering

8:01 AM MDT | September 25, 2009 | Nancy Seewald

Terra Industries says it plans to offer a one-time payment of $7.50/share to shareholders through a special cash dividend, which will total approximately $750 million. The dividend will be declared and paid in the fourth quarter. Terra also says that its wholly-owned subsidiary Terra Capital will commence a tender offer and consent solicitation to purchase any and all outstanding 7% senior notes due 2017 for cash at a price equal to 104.5% of par value, including a consent fee. Terra expects to raise up to $600 million of capital through the debt financing. ...

This information is only available to Chemical Week subscribers.

Username:
Password:

Forgot your user ID or password?
Click here to have it sent to you.



Not an IHS Chemical Week member yet?

Here's why you should be:

  • 31 issues of Chemical Week magazine in print or digital format
  • Critical daily news and analysis on chemweek.com
  • Free mobile edition 
  • 20+ years of online archives
  • Topical e-newsletters that capture the most impactful events
  • Special issues with a regional or company focus
  • Global Outlook issue

Subscribe now

100% Satisfaction Guarantee
If at any time you are not completely satisfied with IHS Chemical Week, simply notify us and we'll refund the balance of your paid subscription - no problem.

Learn more about group subscriptions and site licenses.

 














 
contact us | about us | customer care | privacy policy | sitemap | advertise

ihsCopyright © 2015 IHS, Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa