The notes will have an interest rate of 7.75% per annum and will be issued at a price equal to 98.298% of their face value.
Part of the net proceeds, together with available cash, will be used by Terra Capital to purchase its existing 7.00% senior notes due 2017 and to pay associated premiums, fees and expenses, under a cash tender offer announced on 24 September 2009.
A further part of the net proceeds, combined with available cash, is intended to be used to pay a planned special cash dividend or to consummate certain previously announced asset acquisitions.
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