Nutrien (NTR) sets terms for US$1B 2031 and 2036 senior notes under updated indenture
Rhea-AI Filing Summary
Nutrien Ltd. entered into a Second Supplemental Indenture to support new senior note issuances and formalize the role of a Canadian trustee. The agreement works with a 2018 base indenture and a 2024 first supplement to govern two debt series.
The filing defines U.S.$500 million 4.850% Senior Notes due May 29, 2031 and U.S.$500 million 5.350% Senior Notes due May 29, 2036 as series under the indenture. It designates Computershare Advantage Trust of Canada as Canadian Trustee alongside The Bank of New York Mellon, limiting the Canadian Trustee’s duties mainly to holders with Canadian addresses and ensuring compliance with Canadian trust indenture legislation.
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Insights
Nutrien formalizes US$1B in new notes under an expanded trustee structure.
Nutrien Ltd. uses this Second Supplemental Indenture to slot two senior note series into its existing 2018 indenture framework. It specifies U.S.$500 million 4.850% notes due 2031 and U.S.$500 million 5.350% notes due 2036, clarifying their legal terms.
The document mainly allocates responsibilities between The Bank of New York Mellon as U.S. Trustee and Computershare Advantage Trust of Canada as Canadian Trustee. The Canadian Trustee’s role focuses on holders with Canadian addresses and compliance with Canadian Trust Indenture Legislation, while many enforcement duties remain with the U.S. Trustee.
For investors, this outlines the governing law, trustee protections, and series-specific governance of the 2031 and 2036 notes. Future disclosures in company filings may provide additional detail on proceeds usage, covenants, or any subsequent issuances under this indenture structure.