On March 23, 2023, Nutrien Ltd. announced and closed a US$1.5 billion (C$2.06 billion) senior notes offering, settling on March 27, 2023. The offering included US$750 million (C$1.03 billion) of 4.900% notes due 2028 and US$750 million (C$1.03 billion) of 5.800% notes due 2053. Net proceeds of US$1.48 billion (C$2.03 billion) were used to repay existing debt, reduce short-term borrowings, and for general corporate purposes.

Joint book-running managers were BMO Capital Markets, Citigroup, Morgan Stanley, and Scotiabank, with additional underwriters including CIBC, HSBC, J.P. Morgan, MUFG, Rabo Securities, Barclays, BofA, Goldman Sachs, PNC, RBC, SMBC Nikko, TD Securities, Wells Fargo, ANZ, Santander, and U.S. Bancorp. Nutrien was advised by Blake, Cassels & Graydon LLP and Jones Day, while underwriters were advised by Skadden, Arps, Slate, Meagher & Flom LLP.