Preferred Stock Offerings
By Ru Back Packer Staff, updated Thursday, February 1, 6:55 AM
Slide #194. CHS Inc. — Preferred Stock Offering
||CHS Inc. (NASDAQ:CHSCP)
||Class B Cumulative Redeemable Preferred Stock, Series 4 (NASDAQ:CHSCL)
|Date of Pricing:
|Price Per Share:
|Preferred Stock Offering Details:
||CHS Inc. (NASDAQ: CHSCP, CHSCO, CHSCN, CHSCM) today announced the pricing on Jan. 13, 2015, of 18,000,000 shares of Class B Cumulative Redeemable Preferred Stock, Series 4 (the "Class B Series 4 Preferred Stock") with a dividend rate of 7.500% per annum and a liquidation preference of $25.00 per share. The offering is expected to close on or about Jan. 21, 2015, subject to the satisfaction of customary closing conditions.
CHS is an agricultural company, engaged in providing grain, foods and energy resources to businesses and consumers on a global basis. Co. buys commodities from and provide products and services to individual agricultural producers, local cooperatives and other companies (including Co.'s members and other non-member customers), both domestically and internationally. Co. provides a variety of products and services, from initial agricultural inputs such as fuels, farm supplies, crop nutrients and crop protection products, to agricultural outputs that include grains and oilseeds, grain and oilseed processing, renewable fuels and food products.
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