ICL Group (ICL) said Monday it has started an offering of new unsecured senior notes, with size and terms still to be determined.
The company said it plans to use the proceeds for general corporate purposes, including repaying part or all of its revolving credit facility due in 2030, reducing other debt, and funding capital spending, investments, and acquisitions.
ICL said the notes would be rated upon issuance.
The company currently holds a BBB- rating with a stable outlook from S&P and Fitch, it added.
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