DBRS Finalizes BBB Rating with Stable Trend for $500 million Agrium New Debt Issue

DBRS has today finalized its rating of BBB with a Stable trend for $500 million aggregate principal amount of 3.150% Senior Unsecured Debt (the New Notes) due October 1, 2022, to be issued by Agrium Inc. (Agrium or the Company) following the pricing of the New Notes and the filing of a prospectus supplement dated September 24, 2012, to the Company’s short-form base shelf prospectus dated April 2, 2012.

The net proceeds of the New Notes are to be used by the Company to fund anticipated capital expenditures and for general corporate purposes. The offering of the New Notes is expected to close on or about October 1, 2012, subject to customary closing conditions.

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

The applicable methodologies are Rating Companies in the Mining Industry (June 2011) and Rating Companies in the Industrial Products Industry (June 2011), which can be found on our website under Methodologies.