On March 11, 2025, Nutrien Ltd. priced a U.S. $1 billion (approximately C$1.44 billion) senior notes offering, comprising U.S. $400 million (C$576 million) of 4.500% senior notes due March 12, 2027, and U.S. $600 million (C$864 million) of 5.250% senior notes due March 12, 2032. Settlement of the offering is expected on or about March 13, 2025. The anticipated net proceeds of approximately U.S. $991 million (C$1.43 billion), after underwriting discounts and expenses, are intended to repay Nutrien's $500 million 3.000% senior notes maturing on April 1, 2025, and $500 million 5.950% senior notes maturing on November 7, 2025. Pending these repayments, proceeds may be used to reduce outstanding short-term debt, finance working capital, or for general corporate purposes.

Joint book-running managers for the offering include Barclays, BMO Capital Markets, Citigroup, TD Securities, Morgan Stanley, MUFG, Santander, Scotiabank, SMBC Nikko, and PNC Capital Markets. Co-managers include BofA Securities, CIBC Capital Markets, Goldman Sachs & Co. LLC, J.P. Morgan, Rabo Securities, RBC Capital Markets, Wells Fargo Securities, ANZ Securities, and U.S. Bancorp Investments.

Legal counsel to Nutrien comprises Blake, Cassels & Graydon LLP (Canadian law) and Jones Day (U.S. law), while Skadden, Arps, Slate, Meagher & Flom LLP is advising the underwriters on U.S. law.