DBRS Assigns Rating of “A”, Stable Trend, to Cargill’s $1 Billion New Debt Issuance

DBRS has today assigned a rating of “A” with a Stable trend to Cargill, Incorporated’s (Cargill) multi-tranche debt issue of $1 billion. The transaction is expected to close on or around March 1, 2012.

The two tranches (collectively, the Notes) are made up of the following:

(1) $650 million 1.9% senior unsecured five-year notes, maturing March 1, 2017.
(2) $350 million 3.3% senior unsecured ten-year notes, maturing March 1, 2022.

Proceeds from the Notes, which rank pari passu with Cargill’s other senior unsecured indebtedness, are expected to be used for general corporate purposes, including debt repayment.

Notes:
All figures are in U.S. dollars unless otherwise noted.

The applicable methodologies are Rating Consumer Products and Rating Companies in the Canadian Grain-Handling Industry, which can be found on our website under Methodologies.