Nutrien Ltd.
Agrium Inc.
Potash Corporation of Saskatchewan Inc.

OFFER TO PURCHASE FOR CASH
Up to $330,000,000 in Aggregate Purchase Price of the Outstanding Securities Listed in the Table Below


Title of Security(1)(2)(3)(4)

Issuer

CUSIP / ISIN Numbers

Principal Amount Outstanding

Acceptance Priority Level

7.800% Debentures due 2027

Agrium

008916 AC2 / US008916AC28

$125,000,000

1

7.125% Debentures due 2036

Agrium

008916 AG3 / US008916AG32

$7,089,000

2

6.125% Debentures due 2041

Agrium

008916 AJ7 / US008916AJ70

$2,874,000

3

5.250% Debentures due 2045

Agrium

008916 AN8 / US008916AN82

$34,450,000

4

7.125% Senior Notes due 2036

Nutrien

67077M AP3 / US67077MAP32

$292,911,000

5

6.125% Senior Notes due 2041

Nutrien

67077M AQ1 / US67077MAQ15

$497,126,000

6

5.250% Senior Notes due 2045

Nutrien

67077M AS7 / US67077MAS70

$465,550,000

7

5.875% Notes due 2036

PotashCorp

73755L AD9 / US73755LAD91

$18,848,000

8

5.875% Senior Notes due 2036

Nutrien

67077M AF5 / US67077MAF59

$481,152,000

9

5.625% Notes due 2040

PotashCorp

73755L AK3 / US73755LAK35

$47,927,000

10

5.625% Senior Notes due 2040

Nutrien

67077M AG3 / US67077MAG33

$452,073,000

11

_________________________________________________________________________________________________________________________________________
(1) The debentures listed in this table and issued by Agrium are referred to in this Offer to Purchase as follows: 7.800% Debentures due 2027 as the Agrium 2027 Debentures, 7.125% Debentures due 2036 as the Agrium 2036 Debentures, 6.125% Debentures due 2041 as the Agrium 2041 Debentures and 5.250% Debentures due 2045 as the Agrium 2045 Debentures. These debentures are collectively referred to as the Agrium Debentures.
(2) The senior notes listed in this table and issued by Nutrien are referred to in this Offer to Purchase as follows: 7.125% Senior Notes due 2036 as the 7.125% Nutrien 2036 Notes, 6.125% Senior Notes due 2041 as the Nutrien 2041 Notes, 5.250% Senior Notes due 2045 as the Nutrien 2045 Notes, 5.875% Senior Notes due 2036 as the 5.875% Nutrien 2036 Notes and 5.625% Senior Notes due 2040 as the Nutrien 2040 Notes. These senior notes are collectively referred to as the Nutrien Notes.
(3) The notes listed in this table and issued by PotashCorp are referred to in this Offer to Purchase as follows: 5.875% Notes due 2036 as the PotashCorp 2036 Notes and 5.625% Notes due 2040 as the PotashCorp 2040 Notes. These notes are collectively referred to as the PotashCorp Notes.
(4) The Agrium 2027 Debentures, the 7.125% Nutrien 2036 Notes, the Agrium 2036 Debentures, the PotashCorp 2036 Notes, the 5.875% Nutrien 2036 Notes, the PotashCorp 2040 Notes and the Nutrien 2040 Notes are non-par callable. The Nutrien 2041 Notes and the Agrium 2041 Debentures are par callable, with any required make-whole payment extending through the maturity date. The Nutrien 2045 Notes and the Agrium 2045 Debentures are par callable, with any required make-whole payment extending through the par call date. As such, for purposes of calculating the Tender Offer Yield, the yield will be calculated to (1) the maturity date for the following series of Notes: February 1, 2027 for the Agrium 2027 Debentures, May 23, 2036 for the 7.125% Nutrien 2036 Notes, May 23, 2036 for the Agrium 2036 Debentures, December 1, 2036 for the PotashCorp 2036 Notes, December 1, 2036 for the 5.875% Nutrien 2036 Notes, December 1, 2040 for the PotashCorp 2040 Notes, December 1, 2040 for the Nutrien 2040 Notes, and (2) to the relevant par call date for the following series of Notes: July 15, 2040 for the Nutrien 2041 Notes, July 15, 2040 for the Agrium 2041 Debentures, July 15, 2044 for the Nutrien 2045 Notes and July 15, 2044 for the Agrium 2045 Debentures.

To view copie(s) of the Tender Offer document(s) please click on the link(s) below

Offer to Purchase

Launch Press Release

 

The Information Agent for the Offer is:

D.F. King & Co., Inc.

By Regular, Registered or Certified Mail; Hand or Overnight Delivery:

D.F. King & Co., Inc.
48 Wall Street,
New York, New York 10005
Attn: Michael Horthman
By Facsimile Transmission:

(212) 709-3328 (for eligible institutions only)

To confirm receipt of facsimile by telephone:(212) 232-3233

Any questions regarding procedures for tendering Notes or requests for additional copies of this Offer to Purchase should be directed to the Information Agent at the address and telephone numbers set forth below:

D.F. KING & CO., INC.

48 Wall Street
New York, New York 10005
Attn: Michael Horthman

Banks and Brokers call: (212) 269-5550
or
Call Toll Free: +1(800) 676-7437

Email: nutrien@dfking.com

Any questions regarding the terms of the Offer should be directed to the Joint Dealer Managers at the addresses and telephone numbers set forth below:

The Joint Dealer Managers for the Offer are:

BMO Capital Markets Corp.

151 West 42nd Street, 32nd Floor
New York, New York 10036
Attn: Liability Management
Collect: (212) 702-1840
Toll Free: (833) 418-0762
Email: LiabilityManagement@bmo.com
Wells Fargo Securities, LLC

550 South Tryon Street, 5th Floor
Charlotte, North Carolina 28202
Attn: Liability Management Group
Collect: (704) 410-4756
Toll Free: (866) 309-6316
Email: liabilitymanagement@wellsfargo.com