Mosaic to prepay $150 million of term loan debt

By Sara Rosenberg

New York, Oct. 24 - The Mosaic Co. will prepay $150 million of its term loans on Monday using available cash generated by business operations, according to a company news release.

The prepayment will consist of $56.4 million of term loan A-1 borrowings by Mosaic, $87.1 million of term loan B borrowings by Mosaic and $6.5 million of term loan A borrowings by its subsidiary, Mosaic Potash Colonsay ULC.

After the prepayment, the term loan A-1 will be reduced to $75.6 million, the term loan B will be reduced to $116.7 million and the term loan A will be reduced to $8.7 million.

Mosaic is a Plymouth, Minn., producer and marketer of concentrated phosphate and potash crop nutrients.

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