Sherritt to refinance bank debt via sale of C$250 million seven-year debentures

St. Louis, June 5 - Sherritt International Corp. announced in a Thursday press release that it plans to sell C$250 million of debentures due Oct. 15, 2015.

National Bank Financial and Scotia Capital are leading the off-the-shelf deal. The syndicate also includes GMP Securities and TD Securities.

Proceeds will be used to repay bank debt and for general corporate purposes.

The prospective issuer is a Toronto-based diversified natural resource company.

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