The Mosaic Company Redeems 2027 & 2028 Senior Notes and 2028 Debentures

What Happened

• The Mosaic Company (MOS) filed an 8‑K (Item 2.04) on August 28, 2026 reporting that it issued notices of redemption for its outstanding debt. The company will redeem in full on September 28, 2026: $304,897,000 of 4.050% Senior Notes due 2027, $124,122,000 of 5.375% Senior Notes due 2028, and Mosaic Global Holdings, Inc.’s $108,211,000 of 7.30% Debentures due 2028. The redemptions will be paid with cash on hand.

Key Details

• 2027 Notes: $304,897,000 principal; redemption price = greater of (i) 100% of principal or (ii) present value of remaining payments discounted at the Treasury Rate + 30 basis points, plus accrued interest to (but not including) Sept 28, 2026.
• 2028 Notes: $124,122,000 principal; redemption price = greater of 100% of principal or the present value of remaining payments discounted at the Treasury Rate + 20 basis points (with the applicable adjustment), plus accrued interest to the Redemption Date.
• 2028 Debentures (Mosaic Global Holdings, Inc.): $108,211,000 principal; redemption price = greater of 100% of principal or present value of remaining payments discounted at the Treasury Rate + 20 basis points, plus accrued interest. Upon redemption, the Debentures’ indenture will be discharged.
• The 8‑K notes it does not itself constitute the legal notice of redemption or an offer to purchase securities.

Why It Matters

• These redemptions retire roughly $537 million of Mosaic’s publicly outstanding fixed‑rate debt (combined Notes and Debentures), which reduces future interest obligations tied to those specific issues.
• The transactions will use cash on hand, so investors should watch Mosaic’s reported liquidity and cash balances in subsequent filings to see the near‑term impact.
• Discharging the Debentures’ indenture removes that contractual obligation; the company’s overall leverage and interest expense profile may change depending on any replacement financing or cash use disclosed later.