NYSE, TSX: NTR
CALGARY, June 6, 2018 /PRNewswire/ - Nutrien Ltd.
("Nutrien") announces the closing of the placement of 100 percent
of its Series B common shares in Sociedad Química y Minera de Chile
S.A. ("SQM") to Chilean investors, certain other non-U.S. persons
and to qualified institutional buyers ("QIBs") within the meaning
of Rule 144A under the U.S. Securities Act of 1933, as amended (the
"Securities Act"). The Placement was conducted by means of a
bookbuild auction on the Santiago Stock Exchange in a process known
as subasta de libro de ordenes, in compliance with Chilean
law and the rules of the Santiago Stock Exchange. The Santiago
Stock Exchange published the results of the order book auction
process through which Nutrien's Series B SQM shares were placed,
with 20,166,319 shares sold at a price of approximately
U.S.$49.34 per share, for gross
proceeds to Nutrien of approximately U.S.$1.0 billion.
BofA Merrill Lynch and Goldman Sachs & Co. LLC acted as
Global Coordinators and Joint Bookrunners for the placement.
Banchile Corredores de Bolsa S.A. and BTG Pactual Chile S.A.
Corredores de Bolsa also acted as Joint Bookrunners. Banchile
Corredores de Bolsa S.A. served as structuring agent on execution
of the placement.
This announcement does not constitute an offer to sell or a
solicitation of an offer to buy securities, nor shall there be any
sale of securities in any jurisdiction in which any offer,
solicitation or sale would be unlawful prior to registration or
qualification of such securities under the securities laws of any
such jurisdiction. No securities have been registered under the
Securities Act, and any securities that may be offered may only be
sold to QIBs, to non-U.S. persons outside the United States in compliance with
Regulation S under the Securities Act or pursuant to another
applicable exemption from registration under the Securities Act
and, and in each case, in compliance with applicable securities
laws.
About Nutrien
Nutrien is the world's largest provider
of crop inputs and services, playing a critical role in helping
growers increase food production in a sustainable manner. We
produce and distribute over 26 million tonnes of potash, nitrogen
and phosphate products world-wide. With this capability and our
leading agriculture retail network, we are well positioned to
supply the needs of our customers. We operate with a long-term view
and are committed to working with our stakeholders as we address
our economic, environmental and social priorities. The scale and
diversity of our integrated portfolio provides a stable earnings
base, multiple avenues for growth and the opportunity to return
capital to shareholders.
Forward-Looking Statements
Certain statements and other information included in this
press release constitute "forward-looking information" or
"forward-looking statements" (collectively, "forward-looking
statements") under applicable securities laws (such statements are
usually accompanied by words such as "anticipate", "expect",
"believe", "may", "will", "should", "estimate", "intend" or other
similar words). All statements in this press release, other than
those relating to historical information or current conditions, are
forward‐looking statements, including, but not limited to the
timing of the settlement date. Forward‐looking statements in this
press release are based on certain key expectations and assumptions
made by Nutrien, some of which are outside of Nutrien's control.
Although Nutrien believes that the expectations and assumptions on
which such forward‐looking statements are based are reasonable,
undue reliance should not be placed on the forward‐looking
statements because Nutrien can give no assurance that they will
prove to be correct. Forward‐looking statements are subject to
various risks and uncertainties which could cause actual results
and experience to differ materially from the anticipated results or
expectations expressed in this press release. Nutrien disclaims any
intention or obligation to update or revise any forward‐looking
statements in this press release as a result of new information or
future events, except as may be required under applicable U.S.
federal securities laws or applicable Canadian securities
legislation.
FOR FURTHER INFORMATION:
Investor and Media Relations:
Richard Downey
Vice President, Investor & Corporate Relations
(403) 225-7357
Investor Relations:
Jeff
Holzman
Senior Director, Investor Relations
(306) 933-8545
Todd Coakwell
Director, Investor Relations
(403) 225-7437
Contact us at: www.nutrien.com
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SOURCE Nutrien Ltd.