Agrium Announces Close of $125 Million Long Term Financing.Business Editors CALGARY, Alberta--(BUSINESS WIRE)--Feb. 21, 2001 Agrium (NYSE NYSE See: New York Stock Exchange :AGU AGU Aoyama Gakuin University, Tokyo, Japan AGU American Geophysical Union AGU Arabian Gulf University (Bahrain) AGU All Grown Up (TV show) AGU Aguascalientes, Aguascalientes, Mexico )(TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :AGU.) Agrium Inc. ("Agrium") announced today that it closed an issuance in the US public debt market of US$ 125 million of 8.25% senior unsecured debentures due 2011. The proceeds from this offering will be used to repay funds borrowed to finance the acquisition of the fertilizer assets of Union Oil Company of California ("Unocal") which closed effective September 30, 2000. The amount of this debt offering was less than indicated at the time of closing due to higher than forecasted corporate cash flow. Agrium also announced today that it resumed full production at its Borger, Texas Borger is a city in Hutchinson County, Texas, United States. The population was 14,302 at the 2000 census. History The city of Borger is named after its founder, A. P. (Ace) Borger, who had a reputation throughout Oklahoma and Texas as a shrewd town promoter. nitrogen facility effective February 15, 2001. In addition, Agrium is planning to restart the Redwater redwater red urine; see hemoglobinuria, hematuria, myoglobinuria, phenothiazine, phenolphthalein, xanthorrhoea. redwater fever see babesiosis. 1 ammonia plant with production targeted for March 1, 2001. Agrium Inc. is a leading global producer and marketer of fertilizer and a major retail supplier of agricultural products and services in both North America and Argentina. The Corporation produces and markets four primary groups of fertilizers: nitrogen, phosphate, potash and sulphur. The Corporation's strategy is to grow through incremental expansion of its existing operations and acquisitions as well as the development, commercialization and marketing of new products and international opportunities. |
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