Loan & DebtJun 15, 2026, 12:41 PM
Mosaic Secures $1 Billion Delayed Draw Term Loan Facility
AI Summary
The Mosaic Company entered into a new credit agreement on June 10, 2026, establishing a committed delayed draw term loan credit facility of up to $1 billion. This facility includes two tranches: a 364-day tranche for $500 million and a three-year tranche for $500 million. The proceeds from this new loan will be utilized to repay existing indebtedness.
Key Highlights
- Mosaic entered into a new credit agreement on June 10, 2026.
- Secured a committed delayed draw term loan credit facility of up to $1,000,000,000.
- The facility includes a $500,000,000 364-day tranche.
- The facility also includes a $500,000,000 three-year tranche.
- Proceeds from draws on the loan will be used to repay existing indebtedness.
Price Impact
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