Agrium to buy AAA - they have the $$$$Agrium Inc (C-AGU) - News Release Agrium arranges $1-billion debenture offering 2015-02-25 18:20 ET - News Release Shares issued 143,729,524 AGU Close 2015-02-24 C$ 142.08 Mr. Chuck Magro reports AGRIUM PRICES OFFERING OF AN AGGREGATE $1-BILLION, 10-YEAR AND 20-YEAR DEBENTURES Agrium Inc. today agreed to issue and sell $550-million aggregate principal amount of 3.375-per-cent debentures due March 15, 2025, issued at a price of 99.855 per cent of the aggregate principal amount, and $450-million aggregate principal amount of 4.125-per-cent debentures due March 15, 2035, issued at a price of 99.110 per cent of the aggregate principal amount. The offering is expected to close on or about March 2, 2015, subject to customary closing conditions. The debentures, registered under the multi-jurisdictional disclosure system in Canada and the United States, will only be offered and sold in the United States. Agrium intends to use the net proceeds from this offering to reduce short term debt. The debentures will be unsecured and rank equally with Agrium's existing senior unsecured debt. The joint book-running managers for the offering are Merrill Lynch, Pierce, Fenner & Smith Incorporated, RBC Capital Markets, LLC and CIBC World Markets Corp. "This offering is an opportunity to take advantage of a strong bond market to secure historically low rates for longer-term instruments. The initial order book was six-times oversubscribed which speaks to fixed income investor confidence in the strength of Agrium's business and future earnings and cash flow generation capability. Proceeds will be used to reduce short term debt, enhancing our already strong balance sheet that has only $625-million of long term debt maturity in the next five years, and will provide additional financial flexibility with no material impact on our leverage ratios," commented Chuck Magro, Agrium's President and CEO. A preliminary prospectus supplement dated February 25, 2015, under Agrium's short form base shelf prospectus dated April 24, 2014 and under Agrium's related effective Registration Statement on Form F-10, in respect of the offering of the debentures has been filed with the Canadian securities regulatory authorities in each of the provinces of Canada and with the United States Securities and Exchange Commission under the multi-jurisdictional disclosure system. A final prospectus supplement in respect of the offering of the debentures will be filed with the same regulatory authorities in Canada and the United States. Advisory Agrium Inc. has filed a registration statement (including a base shelf prospectus and a prospectus supplement) with the United States Securities and Exchange Commission (the "SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus supplement and the accompanying base shelf prospectus and other documents Agrium has filed with the SEC that are incorporated by reference therein for more complete information about Agrium and the offering to which this communication relates. You may get these documents for free by visiting EDGAR on the SEC website. Alternatively, the prospectus supplement and the accompanying base shelf prospectus may be obtained by contacting Merrill Lynch, Pierce, Fenner & Smith Incorporated toll-free at 1-800-294-1322 FREE, RBC Capital Markets, LLC toll-free at 1-866-375-6829 FREE or CIBC World Markets Corp. toll-free at 1-800-282-0822 FREE. We seek Safe Harbor.