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 Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Monday, July 6, 3:27 PM
Slide #284. CHS Inc. — Preferred Stock Offering
| Company: |
CHS Inc. (NASDAQ:CHSCP) |
| Date announced: |
1/14/2015 |
| Security type: |
Class B Cumulative Redeemable Preferred Stock, Series 4 (NASDAQ:CHSCL) |
| Shares Offered: |
18,000,000 |
| Date of Pricing: |
1/14/2015 |
| Price Per Share: |
$25 |
| 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 segments: 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 (CF Nitrogen) and produces and distributes nitrogen fertilizer, a commodity chemical.
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