Land O’Lakes raises over $240 million in private offering
THE PROCEEDS ALLOW LAND O’LAKES TO REDUCE OUTSTANDING BALANCES UNDER EXISTING CREDIT AND SECURITIZATION FACILITIES.
Land O’Lakes, one of America's premier agribusiness and food companies and Dorsey’s valued client, completed an unregistered private offering of preferred stock to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933. Minnesota-based Land O’Lakes is a farmer-owned cooperative with industry-leading operations that span the spectrum from agricultural production to consumer foods. Dorsey lawyers are pleased to support Land O’Lakes as they continue to grow their business.