OREANDA-NEWS. October 02, 2012. Agrium Inc. (TSX and NYSE: AGU) agreed to issue and sell USD 500- million aggregate principal amount of 3.15% debentures due October 1, 2022. The debentures, registered under the multi-jurisdictional disclosure system in Canada and the United States, will only be offered and sold in the United States, reported the press-centre of Agrium.

Agrium intends to use the net proceeds from this offering to fund anticipated capital expenditures and for general corporate purposes. The debentures will be unsecured and rank equally with Agrium's existing senior unsecured debt.

The joint book-running managers for the offering are BofA Merrill Lynch, RBC Capital Markets and Scotiabank.

A preliminary prospectus supplement dated September 24, 2012, under Agrium's short form base shelf prospectus dated April 2, 2012 and under Agrium's related effective Registration Statement on Form F-10, in respect of the offering of the debentures has been filed with the Canadian securities regulatory authorities in each of the provinces of Canada and with the United States Securities and Exchange Commission under the multi-jurisdictional disclosure system. A final prospectus supplement in respect of the offering of the debentures will be filed with the same regulatory authorities in Canada and the United States.

About Agrium
Agrium Inc. is a major Retail supplier of agricultural products and services in North America, South America and Australia and a leading global Wholesale producer and marketer of all three major agricultural nutrients and the premier supplier of specialty fertilizers in North America through our Advanced Technologies business unit. Agrium’s strategy is to grow across the value chain through acquisition, incremental expansion of its existing operations and through the development, commercialization and marketing of new products and international opportunities. Our strategy places particular emphasis on growth opportunities that both increase and stabilize our earnings profile in the continuing transformation of Agrium.