MOS - Mosaic to redeem $450M notes due November 15 2021 in August

The Mosaic Company ([[MOS]]) to redeem its $450M 3.75% senior notes due November 15, 2021 at par on August 15, 2021.The redemption will result in an immaterial expense in the third quarter.The annual interest expense on these bonds was approximately $17M. "In 2019, Mosaic set a goal of decreasing total long-term debt by $1 billion, and this is the first step in reaching that milestone," said Joc O'Rourke, President and Chief Executive Officer. "Through disciplined cost management and favorable markets, we have generated significant free cash flow, which will continue to be allocated in a balanced approach across the three primary pillars of our capital allocation philosophy: strengthening the balance sheet, investing in the business, and returning capital to shareholders."

For further details see:

Mosaic to redeem $450M notes due November 15, 2021 in August