in this issue
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.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee