Preferred Stock OfferingsBy Preferred Stock Channel Staff, updated Fri, May 20, 11:40 PM
|This Slide: #454 of 581|
Slide #454. CHS Inc. — Preferred Stock Offering
CHS Inc. (NASDAQ:CHSCP)
Class B Cumulative Redeemable Preferred Stock, Series 1 (NASDAQ:CHSCP)
Price Per Share:
Preferred Stock Offering Details:
CHS Inc. (NASDAQ: CHSCP) today announced the pricing of 10,000,000 shares of Class B Cumulative Redeemable Preferred Stock, Series 1 with a dividend rate of 7.875% per annum and a liquidation preference of $25.00 per share. Pricing took place Sept. 19, 2013. The underwriters have been granted a 30-day option to purchase up to 1,500,000 additional shares of the Class B Preferred Stock at the public offering price, less the underwriting discount, to cover over allotments, if any.
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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