
Nutrien Ltd. (TSX and NYSE:NTR) today announced the pricing of US$500 million aggregate principal amount of 4.850 percent senior notes due May 29, 2031 and US$500 million aggregate principal amount of 5.350 percent

<p xmlns="http://www.w3.org/1999/xhtml">
Nutrien Ltd. (TSX and NYSE:<a class="ticker" href="https://www.benzinga.com/quote/NTR">NTR</a>) today announced the pricing of US$500 million aggregate principal amount of 4.850 percent senior notes due May 29, 2031 and US$500 million aggregate principal amount of 5.350 percent senior notes due May 29, 2036 (together, the "senior notes"). The offering is expected to close on or about May 29, 2026, subject to customary closing conditions.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Nutrien intends to use the net proceeds from this offering to repay its US$500 million aggregate principal amount of 4.000% senior notes upon their maturity on December 15, 2026, to reduce outstanding indebtedness under its short-term credit facilities, to finance working capital and for general corporate purposes. The senior notes will be unsecured and rank equally with Nutrien's existing senior unsecured debt. The joint book-running managers for the offering are CIBC World Markets Corp., J.P. Morgan Securities LLC, Morgan Stanley &amp; Co. LLC, and Scotia Capital (USA) Inc.

</p><p xmlns="http://www.w3.org/1999/xhtml">
The offering will be made by way of a prospectus supplement dated May 26, 2026, to Nutrien's short form base shelf prospectus dated March 30, 2026, filed with the securities regulatory authorities in each of the provinces of Canada, which forms a part of and is included in Nutrien's registration statement on Form F-10, filed in the United States with the Securities and Exchange Commission (the "SEC") under the multijurisdictional disclosure system in Canada and the United States. The senior notes will not be offered or sold in Canada or to residents of Canada pursuant to the prospectus supplement, but may be offered and sold in, or to residents of, certain provinces of Canada pursuant to an exemption from the prospectus requirements under Canadian securities laws. A final prospectus supplement in respect of the offering of the senior notes will be filed with the securities regulatory authorities in Canada and the SEC.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">About Nutrien</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Nutrien is a leading global provider of crop inputs and services. We operate a world-class network of production, distribution and ag retail facilities that positions us to efficiently serve the needs of growers. We focus on creating long-term value by prioritizing investments that strengthen the advantages of our business across the ag value chain and by maintaining access to the resources and the relationships with stakeholders needed to achieve our goals.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">Advisory</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
<i xmlns="http://www.w3.org/1999/xhtml">The senior notes are being offered in the United States pursuant to an effective registration statement (including a base shelf prospectus) filed with the SEC. Nutrien has filed a preliminary prospectus supplement related to the offering of the senior notes. Before you invest, you should read the preliminary prospectus supplement, the accompanying base shelf prospectus and other documents that are incorporated by reference therein for more complete information about Nutrien and this offering.</i>

</p><p xmlns="http://www.w3.org/1999/xhtml">
<i xmlns="http://www.w3.org/1999/xhtml">The preliminary prospectus supplement and the accompanying base shelf prospectus are available for free on the SEC website at <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sec.gov&amp;esheet=54542160&amp;newsitemid=20260526481572&amp;lan=en-US&amp;anchor=www.sec.gov&amp;index=1&amp;md5=4c7c7ff01d04ad88910037d73b4d1737" shape="rect">www.sec.gov</a>. Alternatively, the documents may be obtained by contacting CIBC World Markets Corp., 300 Madison Avenue, 8th Floor, New York, NY 10017, Attention: Execution Management, by email at <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:DLCIBCUSEMG@cibc.com" shape="rect">DLCIBCUSEMG@cibc.com</a> or by telephone at +1-800-282-0822 ;J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or by email at <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:prospectus-eq_fi@jpmchase.com" shape="rect">prospectus-eq_fi@jpmchase.com</a> and <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:postsalemanualrequests@broadridge.com" shape="rect">postsalemanualrequests@broadridge.com</a> or by telephone at +1-212-834-4533; Morgan Stanley &amp; Co. LLC, 180 Varick Street, New York, NY 10014, Attention: Prospectus Department, by email at <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:prospectus@morganstanley.com" shape="rect">prospectus@morganstanley.com</a> or by telephone at +1-866-718-1649, and Scotia Capital (USA) Inc., 250 Vesey Street, New York, NY 10281, Attention: Debt Capital Markets, by telephone at +1-800-372-3930.</i>

</p><p xmlns="http://www.w3.org/1999/xhtml">
<i xmlns="http://www.w3.org/1999/xhtml">This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the senior notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.</i>

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">Forward-Looking Statements</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
<i xmlns="http://www.w3.org/1999/xhtml">Certain statements and other information included in this press release constitute "forward-looking information" or "forward-looking statements" (collectively, "forward-looking statements") under applicable securities laws (such statements are often accompanied by words such as "should", "could", "expect", "may", "anticipate", "forecast", "believe", "intend", "estimate", "plan" or other similar words). All statements in this press release, other than those relating to historical information or current conditions, are forward-looking statements, including, but not limited to, forecasts and statements as to management's expectations with respect to, among other things, the intended use of proceeds of the offering and the timing of closing of the offering. Such forward-looking statements involve known and unknown risks and uncertainties, many of which are beyond our control, as well as various assumptions and business sensitivities, including those risk factors referred to in the preliminary prospectus supplement referenced in this press release and those referred to under the heading "Risk factors" in Nutrien's annual information form for the year ended December 31, 2025 and under the heading "Key enterprise risks" in Nutrien's management's discussion and analysis for the year ended December 31, 2025, which may cause actual results, performance or achievements of Nutrien, which includes the offering being delayed or not completed, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Nutrien disclaims any intention or obligation to update or revise any forward-looking statements in this press release as a result of new information or future events, except as may be required under applicable Canadian securities legislation or applicable U.S. federal securities law. These forward-looking statements are based on certain assumptions and analyses made by us in light of our experience and perception of historical trends, current conditions and expected future developments as well as other factors we believe are appropriate in the circumstances. All of the forward-looking statements contained herein are qualified by these cautionary statements and by the assumptions that are stated or inherent in such forward-looking statements. Although we believe these assumptions are reasonable, undue reliance should not be placed on these assumptions and such forward-looking statements.</i>

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260526481572r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260526481572/en/" rel="nofollow">https://www.businesswire.com/news/home/20260526481572/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">FOR FURTHER INFORMATION:
<br xmlns="http://www.w3.org/1999/xhtml"></br>
</b><br xmlns="http://www.w3.org/1999/xhtml"></br><b xmlns="http://www.w3.org/1999/xhtml">Investor Contact 
</b><br xmlns="http://www.w3.org/1999/xhtml"></br>Jeff Holzman
<br xmlns="http://www.w3.org/1999/xhtml"></br>Senior Vice President, Investor Relations and FP&amp;A
<br xmlns="http://www.w3.org/1999/xhtml"></br>(306) 933 8545 – <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:investors@nutrien.com" shape="rect">investors@nutrien.com 
</a><br xmlns="http://www.w3.org/1999/xhtml"></br>
<br xmlns="http://www.w3.org/1999/xhtml"></br><b xmlns="http://www.w3.org/1999/xhtml">Media Contact 
</b><br xmlns="http://www.w3.org/1999/xhtml"></br>Simon Scott
<br xmlns="http://www.w3.org/1999/xhtml"></br>Vice President, Global Communications
<br xmlns="http://www.w3.org/1999/xhtml"></br>(403) 225 7213 – <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:media@nutrien.com" shape="rect">media@nutrien.com</a>

</p>

Nutrien Prices Offering of an Aggregate of US$1.0 Billion of 5-Year and 10-Year Senior Notes

Nutrien raises $1 billion via senior notes to refinance near-term debt

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>Nutrien Ltd. (TSX and NYSE:NTR) today announced the pricing of US$500 million aggregate principal amount of 4.850 percent senior notes due May 29, 2031 and US$500 million aggregate principal amount of 5.350 percent</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Nutrien priced $1.0 billion of senior notes split across 4.85% due 2031 and 5.35% due 2036, with closing slated for around May 29, 2026. Proceeds will repay $500 million of 4.0% notes due December 15, 2026, reduce short-term debt, and fund working capital and general corporate purposes. The issue improves debt-maturity profile and liquidity, with modest potential benefits to credit metrics.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Nutrien prices $1.0B of senior notes: 4.85% due 2031 and 5.35% due 2036.</li><li>Close expected around May 29, 2026; proceeds repay $500m 4.0% notes due 2026.</li><li>Notes unsecured and pari passu with existing debt; issued via US prospectus.</li><li>Joint book-running managers: CIBC, JPMorgan, Morgan Stanley, and Scotia Capital.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Nutrien Ltd. (NTR)</strong>: Plans to issue $1.0B of senior notes; aims to refinance near-term debt and bolster liquidity.</li><li><strong>JPMorgan Chase &amp; Co. (JPM)</strong>: Co-manager on the debt offering; signals active demand for Nutrien debt in US markets.</li><li><strong>Morgan Stanley (MS)</strong>: Co-manager on the deal; implies institutional demand for Nutrien financing.</li><li><strong>Scotia Capital (USA) Inc. (BNS)</strong>: Underwriter; related to Scotiabank network; potential cross-border financing implications.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>Category: Corporate Developments. This debt offering reflects Nutrien&#039;s capital-structure optimization activity and has limited direct operating impact, but could modestly improve liquidity and maturity risk, signaling prudent balance-sheet management by management.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Close date targeted for May 29, 2026; near-term liquidity impact.</li><li>Proceeds earmarked for debt repayment and working capital relief.</li><li>Unsecured, pari passu with existing debt; no change in seniority.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Aggregate principal: $1.0 billion (US$500m 4.85% due 2031; US$500m 5.35% due 2036).</li><li>Close to occur on or about May 29, 2026, subject to closing conditions.</li><li>Proceeds to repay US$500 million of 4.000% senior notes due December 15, 2026; reduce short-term borrowings; fund working capital and general corporate purposes.</li><li>Senior notes are unsecured and rank equally with Nutrien&#039;s existing senior unsecured debt.</li><li>Joint book-running managers: CIBC World Markets Corp., J.P. Morgan Securities LLC, Morgan Stanley &amp; Co. LLC, Scotia Capital (USA) Inc.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Near-term debt refinancing could modestly strengthen Nutrien&#039;s balance sheet through 2026.</p>
  </section>
</section>


<p xmlns="http://www.w3.org/1999/xhtml">
Nutrien Ltd. (TSX and NYSE:<a class="ticker" href="https://www.benzinga.com/quote/NTR">NTR</a>) today announced the pricing of US$500 million aggregate principal amount of 4.850 percent senior notes due May 29, 2031 and US$500 million aggregate principal amount of 5.350 percent senior notes due May 29, 2036 (together, the "senior notes"). The offering is expected to close on or about May 29, 2026, subject to customary closing conditions.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Nutrien intends to use the net proceeds from this offering to repay its US$500 million aggregate principal amount of 4.000% senior notes upon their maturity on December 15, 2026, to reduce outstanding indebtedness under its short-term credit facilities, to finance working capital and for general corporate purposes. The senior notes will be unsecured and rank equally with Nutrien's existing senior unsecured debt. The joint book-running managers for the offering are CIBC World Markets Corp., J.P. Morgan Securities LLC, Morgan Stanley &amp; Co. LLC, and Scotia Capital (USA) Inc.

</p><p xmlns="http://www.w3.org/1999/xhtml">
The offering will be made by way of a prospectus supplement dated May 26, 2026, to Nutrien's short form base shelf prospectus dated March 30, 2026, filed with the securities regulatory authorities in each of the provinces of Canada, which forms a part of and is included in Nutrien's registration statement on Form F-10, filed in the United States with the Securities and Exchange Commission (the "SEC") under the multijurisdictional disclosure system in Canada and the United States. The senior notes will not be offered or sold in Canada or to residents of Canada pursuant to the prospectus supplement, but may be offered and sold in, or to residents of, certain provinces of Canada pursuant to an exemption from the prospectus requirements under Canadian securities laws. A final prospectus supplement in respect of the offering of the senior notes will be filed with the securities regulatory authorities in Canada and the SEC.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">About Nutrien</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Nutrien is a leading global provider of crop inputs and services. We operate a world-class network of production, distribution and ag retail facilities that positions us to efficiently serve the needs of growers. We focus on creating long-term value by prioritizing investments that strengthen the advantages of our business across the ag value chain and by maintaining access to the resources and the relationships with stakeholders needed to achieve our goals.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">Advisory</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
<i xmlns="http://www.w3.org/1999/xhtml">The senior notes are being offered in the United States pursuant to an effective registration statement (including a base shelf prospectus) filed with the SEC. Nutrien has filed a preliminary prospectus supplement related to the offering of the senior notes. Before you invest, you should read the preliminary prospectus supplement, the accompanying base shelf prospectus and other documents that are incorporated by reference therein for more complete information about Nutrien and this offering.</i>

</p><p xmlns="http://www.w3.org/1999/xhtml">
<i xmlns="http://www.w3.org/1999/xhtml">The preliminary prospectus supplement and the accompanying base shelf prospectus are available for free on the SEC website at <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sec.gov&amp;esheet=54542160&amp;newsitemid=20260526481572&amp;lan=en-US&amp;anchor=www.sec.gov&amp;index=1&amp;md5=4c7c7ff01d04ad88910037d73b4d1737" shape="rect">www.sec.gov</a>. Alternatively, the documents may be obtained by contacting CIBC World Markets Corp., 300 Madison Avenue, 8th Floor, New York, NY 10017, Attention: Execution Management, by email at <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:DLCIBCUSEMG@cibc.com" shape="rect">DLCIBCUSEMG@cibc.com</a> or by telephone at +1-800-282-0822 ;J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or by email at <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:prospectus-eq_fi@jpmchase.com" shape="rect">prospectus-eq_fi@jpmchase.com</a> and <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:postsalemanualrequests@broadridge.com" shape="rect">postsalemanualrequests@broadridge.com</a> or by telephone at +1-212-834-4533; Morgan Stanley &amp; Co. LLC, 180 Varick Street, New York, NY 10014, Attention: Prospectus Department, by email at <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:prospectus@morganstanley.com" shape="rect">prospectus@morganstanley.com</a> or by telephone at +1-866-718-1649, and Scotia Capital (USA) Inc., 250 Vesey Street, New York, NY 10281, Attention: Debt Capital Markets, by telephone at +1-800-372-3930.</i>

</p><p xmlns="http://www.w3.org/1999/xhtml">
<i xmlns="http://www.w3.org/1999/xhtml">This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the senior notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.</i>

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">Forward-Looking Statements</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
<i xmlns="http://www.w3.org/1999/xhtml">Certain statements and other information included in this press release constitute "forward-looking information" or "forward-looking statements" (collectively, "forward-looking statements") under applicable securities laws (such statements are often accompanied by words such as "should", "could", "expect", "may", "anticipate", "forecast", "believe", "intend", "estimate", "plan" or other similar words). All statements in this press release, other than those relating to historical information or current conditions, are forward-looking statements, including, but not limited to, forecasts and statements as to management's expectations with respect to, among other things, the intended use of proceeds of the offering and the timing of closing of the offering. Such forward-looking statements involve known and unknown risks and uncertainties, many of which are beyond our control, as well as various assumptions and business sensitivities, including those risk factors referred to in the preliminary prospectus supplement referenced in this press release and those referred to under the heading "Risk factors" in Nutrien's annual information form for the year ended December 31, 2025 and under the heading "Key enterprise risks" in Nutrien's management's discussion and analysis for the year ended December 31, 2025, which may cause actual results, performance or achievements of Nutrien, which includes the offering being delayed or not completed, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Nutrien disclaims any intention or obligation to update or revise any forward-looking statements in this press release as a result of new information or future events, except as may be required under applicable Canadian securities legislation or applicable U.S. federal securities law. These forward-looking statements are based on certain assumptions and analyses made by us in light of our experience and perception of historical trends, current conditions and expected future developments as well as other factors we believe are appropriate in the circumstances. All of the forward-looking statements contained herein are qualified by these cautionary statements and by the assumptions that are stated or inherent in such forward-looking statements. Although we believe these assumptions are reasonable, undue reliance should not be placed on these assumptions and such forward-looking statements.</i>

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260526481572r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260526481572/en/" rel="nofollow">https://www.businesswire.com/news/home/20260526481572/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">FOR FURTHER INFORMATION:
<br xmlns="http://www.w3.org/1999/xhtml"></br>
</b><br xmlns="http://www.w3.org/1999/xhtml"></br><b xmlns="http://www.w3.org/1999/xhtml">Investor Contact 
</b><br xmlns="http://www.w3.org/1999/xhtml"></br>Jeff Holzman
<br xmlns="http://www.w3.org/1999/xhtml"></br>Senior Vice President, Investor Relations and FP&amp;A
<br xmlns="http://www.w3.org/1999/xhtml"></br>(306) 933 8545 – <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:investors@nutrien.com" shape="rect">investors@nutrien.com 
</a><br xmlns="http://www.w3.org/1999/xhtml"></br>
<br xmlns="http://www.w3.org/1999/xhtml"></br><b xmlns="http://www.w3.org/1999/xhtml">Media Contact 
</b><br xmlns="http://www.w3.org/1999/xhtml"></br>Simon Scott
<br xmlns="http://www.w3.org/1999/xhtml"></br>Vice President, Global Communications
<br xmlns="http://www.w3.org/1999/xhtml"></br>(403) 225 7213 – <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:media@nutrien.com" shape="rect">media@nutrien.com</a>

</p>

Nutrien priced $1.0 billion of senior notes split across 4.85% due 2031 and 5.35% due 2036, with closing slated for around May 29, 2026. Proceeds will repay $500 million of 4.0% notes due December 15, 2026, reduce short-term debt, and fund working capital and general corporate purposes. The issue improves debt-maturity profile and liquidity, with modest potential benefits to credit metrics.

Nutrien Prices Offering of an Aggregate of US$1.0 Billion of 5-Year and 10-Year Senior Notes

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

Related News