MOS · 10-Q · 2026Q3 · Full report
Senior Notes Refinancing
MOSAIC CO · 2026-11-04 · Importance 52 · Surprise 42 · In source text
On August 17, 2026, Mosaic issued $2.0 billion of senior notes: $1.0 billion at 5.350% due 2031, $500 million at 5.650% due 2034 and $500 million at 5.900% due 2036. The company used part of the proceeds to extinguish $1.4 billion of notes and debentures due from 2027 through 2029 through cash tender offers and make-whole redemptions. It also repaid a $500 million term loan entered into during the quarter. The refinancing generated a $13.1 million loss on extinguishment of debt, including premiums, transaction fees and write-offs of unamortized issuance costs and discounts.
Key facts
- On August 17, 2026, Mosaic issued $2 billion of senior notes: $1.0 billion of 5.350% notes due 2031, $500 million of 5.650% notes due 2034, and $500 million of 5.900% notes due 2036. source
- For the nine months ended September 30, 2026, the Company received net proceeds of $1,011.1 million from long-term debt, primarily from issuing $2 billion of new senior notes and accessing a $500 million term loan. source
- Mosaic used proceeds from its 2026 notes to extinguish $1.4 billion of notes and debentures due 2027–2029 through cash tender offers and make-whole redemptions, recognizing a $13.1 million extinguishment loss. source
- Mosaic used part of the 2026 senior-note proceeds to repay a $500 million term loan entered into during the quarter. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| liability | negative | realized | -8.3% | On August 17, 2026, Mosaic issued $2 billion of senior notes: $1.0 billion of 5.350% notes due 2031, $500 million of 5.650% notes due… |
| liability | positive | realized | +5.8% | Mosaic used proceeds from its 2026 notes to extinguish $1.4 billion of notes and debentures due 2027–2029 through cash tender offers and… |
| liability | negative | realized | -2.1% | For the nine months ended September 30, 2026, the Company received net proceeds of $1,011.1 million from long-term debt, primarily from… |
| liability | positive | realized | +2.1% | Mosaic used part of the 2026 senior-note proceeds to repay a $500 million term loan entered into during the quarter. |
| net_income | negative | realized | -0.4% | Mosaic used proceeds from its 2026 notes to extinguish $1.4 billion of notes and debentures due 2027–2029 through cash tender offers and… |