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Article: Fitch Expects to Rate Terra Capital Inc.'s $600MM Note Issue Due 2019 'BB'.
- Article from:
- Investment Weekly News
- Article date:
- November 7, 2009
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Fitch Ratings will assign a 'BB' rating to Terra Capital Inc.'s (Terra Capital) $600 million issue of senior unsecured notes due 2019 (the new notes) when they are priced. The ratings of Terra Capital, Inc., its parent Terra Industries Inc. (Terra), and Terra Nitrogen, L.P. remain on Watch Evolving pending a resolution to attempts by CF Industries Holdings, Inc. (CF Industries) to acquire the parent and its subsidiaries.
The new notes will be guaranteed by Terra and certain domestic subsidiaries which in 2008 contributed 59% of consolidated sales and 43% of consolidated income before taxes and non-controlling interests. Proceeds from the new notes will be used to ...
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Article: Terra Capital, Inc. Announces Completion of Tender ...
Business Wire;
October 27, 2009 ;
700+ words
...SIOUX CITY, Iowa -- Terra Capital, Inc. ("Terra Capital"), a wholly-owned subsidiary of Terra Industries ... Expiration Date"). As of the Expiration Date, Terra Capital had received tenders from holders of approximately ...
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