Loan & DebtMay 21, 2026, 05:07 PM
FMC Prices $1.2B Senior Secured Notes Due 2031 at 8.000%
AI Summary
FMC Corporation announced the pricing of its previously disclosed offering of $1.2 billion aggregate principal amount of 8.000% Senior Secured Notes due 2031. The offering is expected to close on June 5, 2026. The company plans to use the net proceeds to repurchase or redeem its outstanding 3.200% Senior Notes due October 1, 2026, repay existing credit agreement borrowings, and for general corporate purposes, including other debt repayment. The Notes will be secured by first-priority liens on substantially all assets of FMC and its US, Canadian, and Swiss subsidiary guarantors, and equity interests of Singaporean and Dutch subsidiary guarantors.
Key Highlights
- FMC priced $1.2 billion aggregate principal amount of Senior Secured Notes.
- The Notes have an interest rate of 8.000% and are due in 2031.
- The offering is expected to close on June 5, 2026.
- Proceeds will fund the repurchase or redemption of 3.200% Senior Notes due October 2026.
- Proceeds will also repay outstanding borrowings under the Company’s credit agreement.
- The Notes are secured by first-priority liens on company and subsidiary assets.
Price Impact
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