Loan & DebtMay 19, 2026, 08:02 AM
FMC Corp to Offer $750M Senior Secured Notes Due 2031
AI Summary
FMC Corporation announced a proposed private offering of $750.0 million in senior secured notes due 2031. The company intends to use the net proceeds primarily to repurchase or redeem its outstanding 3.200% Senior Notes due October 2026 and to repay borrowings under its existing credit agreement, as well as for general corporate purposes. The notes will be fully guaranteed by various subsidiaries and secured by first-priority liens on company assets.
Key Highlights
- FMC Corp announced a proposed private offering of $750.0 million aggregate principal amount of senior secured notes.
- The notes will be due in 2031 and will be offered to qualified institutional buyers and non-U.S. persons.
- Proceeds will fund repurchases/redemption of 3.200% Senior Notes due October 1, 2026.
- Proceeds will also repay outstanding borrowings under the Company's Fifth Amended and Restated Credit Agreement.
- The notes will be fully and unconditionally guaranteed by various U.S. and international subsidiaries.
- The notes and guarantees will be secured by first-priority liens on substantially all assets of the Company and U.S./Canada/Switzerland guarantors.
Price Impact
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