Slideshow Preferred Stock Offerings

By Preferred Stock Channel Staff, updated Wed, September 28, 4:43 AM

Slide #389. CHS Inc. Preferred Stock Offering

Company: CHS Inc. (NASDAQ:CHSCP)
Date announced: 9/9/2014
Security type: Class B Reset Rate Cumulative Redeemable Preferred Stock, Series 3 (NASDAQ:CHSCM)
Shares Offered: 19,000,000
Date of Pricing: 9/9/2014
Price Per Share: $25
Preferred Stock Offering Details: CHS Inc. (NASDAQ: CHSCP) today announced the pricing on Sept. 8, 2014 of 19,000,000 shares of Class B Reset Rate Cumulative Redeemable Preferred Stock, Series 3 (the "Class B Series 3 Preferred Stock") with a liquidation preference of $25.00 per share. Dividends on the Class B Series 3 Preferred Stock will accumulate at a dividend rate of 6.75% per annum to, but excluding, Sept. 30, 2024, and thereafter, at an annual rate equal to three-month LIBOR, as determined for the applicable quarterly period, plus a spread of 4.155%, but in no event will the sum of such annual rate and spread be greater than 8% per annum.

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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Agriculture & Farm Products

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Preferred Stock Offerings - Slide 389 of 585 |

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