Land O’Lakes Completes Rule 144A Offering
Our client Land O’Lakes, one of America’s largest cooperatives with annual sales of more than $15 billion, completed a Rule 144A private offering of 200,000 shares of 8.00% Series A Cumulative Redeemable Preferred Stock.
Our team helped the client complete this offering in only two weeks. Land O’Lakes will use the $195 million of net proceeds from the offering to pay down outstanding debt and for general corporate purposes.