Viterra to start roadshow May 12 for C$500 million 10-year notes

By Paul A. Harris

St. Louis, May 5 - Viterra Inc. plans to hold a roadshow for a C$500 million offering of 10-year senior unsecured notes (///DBRS BBB) beginning May 12, according to a market source.

The roadshow wraps up on May 14, and the deal is expected to price on the same day or early in the May 17 week.

TD Securities Inc. and RBC Dominion Securities Inc. are the underwriters.

The company will use the proceeds to refinance approximately $380 million currently outstanding under its term loan facility and to refinance its $100 million of 8% series 2006-1 notes due in 2013.

Viterra is a Calgary, Alta.-based provider of ingredients to leading global food manufacturers.

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