Canadian fertilizer company Nutrien Ltd. priced US$750 million aggregate principal amount of 4.20% senior notes due April 1, 2029, and US$750 million of 5.00% senior notes due April 1, 2049.

The net proceeds will mainly be used to repay US$500 million aggregate principal amount of 6.50% senior notes due 2019 upon maturity on May 15, to reduce other debt and for general corporate purposes, the company said March 19.

The offering is expected to close on or about April 1, 2019.

Recently, middle market investment firm Norwest Equity Partners completed the sale of soil and plant health products manufacturer and marketer Actagro LLC to Nutrien.