For Immediate Release
Date: July 23, 2010
Calgary, Alberta
Listed: TSX:VT, ASX:VTA
Viterra Files Shelf Prospectus
Calgary, Alberta --- Viterra Inc. (“Viterra”) today announced that it has filed a preliminary short form base shelf prospectus, allowing Viterra to offer, from time to time, over a 25-month period up to $500 million of senior unsecured notes (the “Notes”). This facilitates future access to the Canadian bond market when conditions are consistent with Viterra's financing objectives.
Rex McLennan, Viterra's Chief Financial Officer, said, "The flexibility provided by Viterra's $1.6 billion global credit facility, along with filing a shelf prospectus, leaves us well positioned to access markets at opportune times."
Viterra’s existing preliminary short form prospectus dated May 4, 2010, has been withdrawn.
Should Viterra offer any Notes pursuant to the base shelf prospectus, it will make a prospectus supplement available that will include the specific terms of the series of the Notes being offered. Viterra is not required to offer or sell all or any portion of the Notes in the future and will only do so if market conditions warrant.
A receipt for the final short form base shelf prospectus has not yet been obtained from the Canadian securities regulatory authorities. Prior to the time a receipt is issued by the Canadian securities regulatory authorities for the final short form base shelf prospectus, no Notes may be sold, nor may offers to buy be accepted, pursuant to the base shelf prospectus.
The Notes have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States to any person absent registration or an applicable exemption from registration requirements. This press release does not constitute an offer to sell or solicitation of an offer to buy any Notes in any jurisdiction.