Mosaic Company completed a $900 million senior notes offering on November 13, 2025, underwritten by a syndicate of banks and filed under a shelf registration statement on November 7.
The offering was split into two tranches: $500 million of 4.350 % notes due January 2029 and $400 million of 4.600 % notes due November 2030.
Proceeds are earmarked for general corporate purposes, including the repayment of existing indebtedness, which is intended to reduce Mosaic’s overall debt burden and lower future borrowing costs.
The low coupon rates reflect favorable market conditions for Mosaic’s investment‑grade credit profile and are part of a broader strategy to manage the company’s debt maturity profile and capitalize on current market liquidity.
As of December 2024, Mosaic reported $4.08 billion in total debt, with net debt of $3.81 billion. Liabilities due within 12 months totaled $4.17 billion, while those due beyond 12 months were $7.14 billion. The new notes add to total debt but are designed to refinance maturing obligations and extend the maturity ladder.
The financing move follows Mosaic’s Q3 2025 earnings, where the company beat earnings expectations but missed revenue targets. CFO Luciano Siani Pires said the new notes provide additional liquidity to manage upcoming debt maturities and support operational initiatives.
CEO Bruce Bodine highlighted strong performance in Brazil and the potash business, noting that the debt offering will support continued investment in these segments while addressing challenges in phosphate production.
Analysts have expressed concerns about the phosphate segment’s pricing and demand, but the new debt is positioned to give Mosaic flexibility to navigate these headwinds while maintaining its investment‑grade rating.
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