Allana Potash fka AAA

[justin_a_lyesse]

ICL raises 800 miilion.
I wonder what it's for ???? Potential aquisitions? Hmmm ....

The proceeds from the offering will be used to repay short-term loans.

Israel Chemicals Ltd. (NYSE: ICL; TASE: ICL) raised $800 million on Friday in a private offering of aggregate principal senior unsecured notes. The notes are due 2024 carrying a coupon of 4.5%, issued at a price of 99.285% to yield 4.59%. The offering is expected to settle on December 2, 2014, subject to customary closing conditions.

Israel Chemicals intends to use the net proceeds from the offering to repay certain short-term loans and debt under its outstanding revolving credit facilities. This will provide the company flexibility for future borrowings under the revolving credit facilities for general corporate purposes, potential acquisitions and refinancing of existing debt