International law firm Dorsey & Whitney LLP represented CHS Inc., a leading global agribusiness owned by farmers, ranchers and cooperatives across the United States, in an SEC-registered underwritten public offering of 20,700,000 shares of new Class B Cumulative Redeemable Preferred Stock, Series 4, with total proceeds of $517.5 million.
Proceeds are expected to be used to fund construction of a nitrogen fertilizer plant to be located in Spiritwood, North Dakota, which will provide the region’s farmers with enhanced supplies of crop nutrients essential to raising corn and other crops.
Dorsey advised CHS on all phases of this successful public offering. The Dorsey team was led by Partners Dave Swanson and Steven Khadavi. The Dorsey team also included Partner Brian Rosenau, Associates Tom Ryan, Jesse Sixkiller, Senior Attorney Chris Duggan, and Senior Paralegals Deb Vigdal and Ginny Wigchers.