The Online Investor
OLI Premium
Retiree Portfolio
Stock Option Ideas
Preferred Stock List
ChartZero.com
ChartZero

Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Tue., Sep. 16, 5:23 AM

Slide #13. CHS Inc. Secondary Offering

Company: CHS Inc. (NASDAQ:CHSCP)
Date announced: 9/9/2014
Security type: Class B Reset Rate Cumulative Redeemable Preferred Stock, Series 3 (CHSCM)
Shares Offered: 19,000,000
Date of Pricing: 9/9/2014
Price Per Share: $25
Secondary Offering Details: CHS Inc. (NASDAQ: CHSCP) today announced the pricing on Sept. 8, 2014 of 19,000,000 shares of Class B Reset Rate Cumulative Redeemable Preferred Stock, Series 3 (the "Class B Series 3 Preferred Stock") with a liquidation preference of $25.00 per share. Dividends on the Class B Series 3 Preferred Stock will accumulate at a dividend rate of 6.75% per annum to, but excluding, Sept. 30, 2024, and thereafter, at an annual rate equal to three-month LIBOR, as determined for the applicable quarterly period, plus a spread of 4.155%, but in no event will the sum of such annual rate and spread be greater than 8% per annum.

CHS is an agricultural company. Co. provides a range 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 and food products. Co. has two segments: Energy, which produces and provides primary for the wholesale distribution of petroleum products and transportation of those products; and Ag, which purchases and processes or resells grains and oilseeds originated by its country operations business, by its member cooperatives and by third parties, and also serves as wholesaler and retailer of crop inputs.
Open the CHSCP Page at The Online Investor »

Company Name:  CHS Inc
Website:  www.chsinc.com
Sector:  Agriculture & Farm Products
 

Open the CHSCP Page at The Online Investor (in a new window) »

September 16, 2014    5:23 AM Eastern
Quotes delayed 20 minutes


Secondary Stock Offerings | www.TheOnlineInvestor.com | Copyright © 1998 - 2014, All Rights Reserved

Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes, powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.