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News Dec 09, 2014

Shearman & Sterling Advises Underwriters in Agrium’s $500 Million Offering of Debentures

Shearman & Sterling represented Merrill Lynch, Pierce, Fenner & Smith Incorporated, RBC Capital Markets, LLC and Scotia Capital (USA) Inc., as joint book-running managers, and BMO Capital Markets Corp., CIBC World Markets Corp., AltaCorp Capital Inc., BNP Paribas Securities Corp., National Bank of Canada Financial Inc., TD Securities (USA) LLC, ANZ Securities, Inc., Mitsubishi UFJ Securities (USA), Inc., Mizuho Securities USA Inc. and RBS Securities Inc. as co-managers, in connection with Agrium Inc.’s (“Agrium”) offering of US$500,000,000 aggregate principal amount of 5.250% debentures due 2045.

Agrium is a retailer of agricultural products and services in the United States, Canada, Argentina, Brazil, Chile, Uruguay and Australia and a multi-national producer and wholesale marketer of nutrients for agricultural and industrial markets.

The following Shearman & Sterling team advised the underwriters in the transaction: partners Jason Lehner (Toronto/New York-Capital Markets) and Larry Crouch (Palo Alto-Tax); counsel Jeff Salinger (New York-Environmental); and associates Kevin Roggow (Toronto-Capital Markets), Bilal Choksi (Toronto-Capital Markets) and Alice Townes (Palo Alto-Tax).