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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.
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Company Name:  CHS Inc
Sector:  Agriculture & Farm Products

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September 16, 2014    5:23 AM Eastern
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