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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 29, 2000
TERRA INDUSTRIES INC.
(Exact name of registrant as specified in its charter)
Maryland 1-8520 52-1145429
(State or other jurisdiction of (Commission File (I.R.S. Employer
incorporation or organization) Number) Identification No.)
Terra Centre
600 Fourth Street
P.O. Box 6000
Sioux City, Iowa 51102-6000
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (712) 277-1340
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ITEM 5. Other Events.
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On February 29, 2000, Terra Industries Inc. issued the press release
contained in Exhibit 1 hereto, which is incorporated by reference herein.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
TERRA INDUSTRIES INC.
By: /s/ Mark A. Kalafut
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Mark A. Kalafut
Vice President and Associate
General Counsel
Date: February 29, 2000
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Exhibit 1
[TERRA LOGO]
Terra Industries Inc.
600 Fourth Street
P.O. Box 6000
Sioux City, IA 51102-6000
Telephone: (712) 277-1340
Telefax: (712) 277-7383
www.terraindustries.com
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NEWS
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For Immediate Release Contact: Mark Rosenbury
(712) 279-8756
Terra Industries Receives Extension of Financing Commitment
Sioux City, Iowa, February 29, 2000 - Terra Industries Inc. (NYSE: TRA)
announced today that the January 10, 2000 financing commitment received from
Citibank, N.A., as Administrative Agent, and Salomon Smith Barney Inc., as
Arranger, to refinance Terra's existing bank lines has been extended to March
15, 2000. The extension was agreed to in order to allow additional time to
syndicate the new facility which is expected to be $225 million.
Terra Industries Inc., with 1999 revenues of $775 million, is a leading
international producer of nitrogen products and methanol.
