Saskatoon-PotashCorp on April 28 announced that it has priced an offering of US$500 million aggregate principal amount of 5.25 percent notes due May 15, 2014, and US$500 million aggregate principal amount of 6.5 percent notes due May 15, 2019. PotashCorp intends to use the net proceeds from the offering to repay outstanding indebtedness under its revolving credit facilities and for general corporate purposes. The offering is expected to close on May 1, 2009, subject to customary closing conditions.
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