Viterra Announces Expiry of the Offer to Purchase Its C$200 Million 6.406% Senior Unsecured Notes Due 2021 and That Remaining Outstanding Notes Will Be Redeemed on June 13, 2014 NEWS RELEASE TRANSMITTED BY Marketwired FOR: Viterra Inc. JUNE 6, 2014 Viterra Announces Expiry of the Offer to Purchase Its C$200 Million 6.406% Senior Unsecured Notes Due 2021 and That Remaining Outstanding Notes Will Be Redeemed on June 13, 2014 REGINA, SASKATCHEWAN--(Marketwired - June 6, 2014) - Viterra Inc. ("Viterra" or the "Company"), announced that its offer ("Offer") to purchase outstanding 6.406% Senior Unsecured Notes due 2021 ("Notes") issued pursuant to an indenture dated August 6, 2010 (as amended or supplemented the "Indenture") expired at 5:00 p.m., Toronto time, on June 5, 2014 (the "Expiration Time") and that it has accepted for purchase all Notes validly tendered after 10:00 am (Toronto time) on May 21, 2014 and prior to the Expiration Time at a purchase price of C$1,110 per C$1,000 principal amount of Notes plus accrued and unpaid interest up to, but excluding, June 6, 2014. Viterra also announced that it has delivered notice to the Trustee under the Indenture exercising Viterra's right to redeem all the Notes that remain outstanding. The remaining outstanding Notes will be redeemed on June 13, 2014 (the "Redemption Date") at a redemption price of C$1,110 per C$1,000 principal amount of Notes plus accrued and unpaid interest up to but excluding the Redemption Date. As previously disclosed, the redemption is permitted by the amendments to the Indenture approved by the holders of Notes at a meeting held May 23, 2014. On and after the Redemption Date, the Notes will no longer be outstanding, interest thereon will cease to accrue and all rights of the holder of the Notes will cease to exist, except for the right to receive the redemption price plus applicable accrued and unpaid interest up to but excluding the Redemption Date. Viterra further announces that it obtained the relief sought under a previously disclosed relief application to the Financial and Consumer Affairs Authority of Saskatchewan and the Ontario Securities Commission, permitting Viterra to satisfy its Canadian public disclosure requirements by filing on the System for Electronic Document Analysis and Retrieval (SEDAR) Glencore plc's consolidated financial statements, among other of Glencore plc's UK public disclosure requirements, rather than Viterra's consolidated financial statements. Cautionary Statement on Forward-Looking Statements This press release may contain statements that are or may be deemed to be "forward-looking statements", as defined in the U.S. Private Securities Litigation Reform Act of 1995 or "forward-looking information" as defined under applicable Canadian securities legislation. These forward-looking statements include all matters that are not historical facts and include, but are not limited to, any statements about the redemption and Viterra 's beliefs, opinions or current expectations concerning, among other things, the business, financial condition, results of operations, prospects, strategies and plans of Viterra and may be (but are not necessarily) identified by the use of the words "anticipate" "expect", "believe", "may", "could", "should", "estimate", "plan", "project", "intend", "outlook", "forecast", "likely", "probably" or other similar words are used to identify such forward-looking information. Forward-looking statements are also necessarily based upon a number of assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Viterra cautions the reader that such forward-looking statements involve known and unknown risks, uncertainties, and other factors that could cause actual results, performance or achievements of Viterra to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. All of Viterra's forward-looking statements are qualified by the assumptions that are stated or inherent in such forward-looking statements. Although Viterra believes that these assumptions are reasonable, results may differ materially from results indicated in forward-looking statements including the possibility that Viterra will not redeem Notes that remain outstanding on the redemption date. All factors should be considered carefully when making decisions with respect to Viterra. Factors that could cause actual results or events to differ materially from current expectations include, among others, risks related to weather, politics and governments, changes in environmental and other laws and regulations, competitive factors in agricultural, food processing and feed sectors, construction and completion of capital projects, labour, equipment and material costs, access to capital markets, interest and currency exchange rates, technological developments, global and local economic conditions, the ability of Viterra to successfully implement its strategic initiatives and whether such strategic initiatives will yield the expected benefits, the operating performance of the Viterra's assets, the availability and price of commodities and regulatory environment, processes and decisions. By their nature, forward-looking statements are subject to various risks and uncertainties, including those risks referred to under the heading "Risks and Risk Management" in Viterra's management's discussion and analysis for the year ended December 31, 2013, any of which could cause Viterra's actual results and experience to differ materially from the anticipated results or expectations expressed. Additional information on these and other factors is available in the reports filed by Viterra with Canadian securities regulators. The reader is cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this press release. Viterra undertakes no obligation to update publicly or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. About Viterra Viterra is Canada's grain industry leader, supported by the expertise of its people, a superior network of assets, and unrivalled connections to world markets. Headquartered in Regina, Saskatchewan, our commitment to agriculture goes back nearly 100 years, partnering with farmers to market and move their crops to areas of need around the world. Our continued focus on operational excellence throughout North America allows us to efficiently handle, process, distribute and transport grains and oilseeds. We provide further value to our partners through a wide variety of contracting and risk management tools to help them realize the full potential of their crops. For more information on Viterra in North America, please visit www.viterra.com. Viterra is part of the Agricultural Business Segment of Glencore plc. -30- FOR FURTHER INFORMATION PLEASE CONTACT: Viterra Inc. Peter Flengeris (306) 569-4810 firstname.lastname@example.org INDUSTRY: Food and Beverage - Beverages Non Alcoholic and Alcohol-Wine/Spirits, Food and Beverage - Dairy, Food and Beverage - Food, Food and Beverage - Ingredients SUBJECT: STK
Viterra Announces Expiry of the Offer to Purchase Its C$200 Million 6.406% Senior Unsecured Notes Due 2021 and That Remaining
Press spacebar to pause and continue. Press esc to stop.