Preferred Stock OfferingsBy Preferred Stock Channel Staff, updated Sun, August 14, 8:39 PM
|This Slide: #362 of 582|
Slide #362. CHS Inc. — Preferred Stock Offering
CHS Inc. (NASDAQ:CHSCP)
Class B Cumulative Redeemable Preferred Stock, Series 4 (NASDAQ:CHSCL)
Date of Pricing:
Price Per Share:
Preferred Stock Offering Details:
CHS Inc. (NASDAQ: CHSCP, CHSCO, CHSCN, CHSCM) today announced the pricing on Jan. 13, 2015, of 18,000,000 shares of Class B Cumulative Redeemable Preferred Stock, Series 4 (the "Class B Series 4 Preferred Stock") with a dividend rate of 7.500% per annum and a liquidation preference of $25.00 per share. The offering is expected to close on or about Jan. 21, 2015, subject to the satisfaction of customary closing conditions.
CHS is an integrated agricultural cooperative, providing grain, foods and energy resources to businesses and consumers on a global basis. Co.'s reportable segments include: Energy, which produces and provides primarily for the wholesale distribution and transportation of petroleum products; Ag, which purchases and further processes or resells grains and oilseeds originated by its country operations business, by its member cooperatives and by third parties and also serves as a wholesaler and retailer of crop inputs; and Nitrogen Production, which consists of its equity method investment in CF Industries Nitrogen, LLC and produces and distributes nitrogen fertilizer.
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