FMC Corporation Secures $750 Million Financing with 8.450% Fixed-to-Fixed Reset Rate Notes Due 2055
FMC Corporation has announced the successful completion of a significant financial transaction, finalizing the sale of $750 million in aggregate principal amount of its 8.450% Fixed-to-Fixed Reset Rate Subordinated Notes due 2055. This transaction, completed on May 27, 2025, was executed under a Subordinated Indenture agreement with U.S. Bank Trust Company, National Association, serving as trustee. The proceeds from this offering are intended to redeem $500 million of FMC's 5.150% Senior Notes due May 18, 2026, and support general corporate purposes, including debt repayment. The Indenture outlines limitations on creating liens, sale-leaseback transactions, and significant mergers or asset sales, while also detailing events of default and the conditions under which the notes may be accelerated. Legal validation for the transaction was provided by Morgan, Lewis & Bockius LLP.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. FMC Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-128667), on May 28, 2025, and is solely responsible for the information contained therein.
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