Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
AGCO CORP /DE incurred revolving credit of $1.25 billion with Coöperatieve Rabobank U.A., New York Branch (Rabobank) and other lenders at SOFR plus 0.1% plus margin 0.875%-1.875% or base rate plus margin 0.000%-0.875%; maturing December 19, 2027.
- Instrument
- revolving credit
- Principal
- $1.25 billion
- Counterparty
- Coöperatieve Rabobank U.A., New York Branch (Rabobank) and other lenders
- Rate
- SOFR plus 0.1% plus margin 0.875%-1.875% or base rate plus margin 0.000%-0.875%;
- Maturity
- December 19, 2027
- Event
- incurrence
Exact text from the filing
On December 19, 2022, the Company, certain of its subsidiaries and Coöperatieve Rabobank U.A., New York Branch (“Rabobank”), and the other lenders named therein, entered into an Amended and Restated Credit Agreement providing for a $1.25 billion multi-currency unsecured revolving credit facility, which replaced the Company’s former $800.0 million multi-currency unsecured revolving credit facility and provided an additional $450.0 million in borrowing capacity. An initial borrowing under the multi-currency unsecured revolving credit facility was used to retire a $240.0 million short-term multi-currency revolving credit facility with Rabobank that was due to mature on March 31, 2023. The credit facility consists of a $325.0 million U.S. dollar only tranche and a $925.0 million multi-currency tranche for loans denominated in U.S. Dollars, Euros or other currencies to be agreed upon. The credit facility matures on December 19, 2027. Interest accrues on amounts outstanding for any borrowing
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
AGCO CORP /DE entered into Amended and Restated Credit Agreement with Coöperatieve Rabobank U.A., New York Branch valued at $1.25 billion multi-currency unsecured revolving credit facility (effective 2022-12-19).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Coöperatieve Rabobank U.A., New York Branch
- Value
- $1.25 billion multi-currency unsecured revolving credit facility
- Effective
- 2022-12-19
Exact text from the filing
On December 19, 2022, the Company, certain of its subsidiaries and Coöperatieve Rabobank U.A., New York Branch (“Rabobank”), and the other lenders named therein, entered into an Amended and Restated Credit Agreement providing for a $1.25 billion multi-currency unsecured revolving credit facility, which replaced the Company’s former $800.0 million multi-currency unsecured revolving credit facility and provided an additional $450.0 million in borrowing capacity. An initial borrowing under the multi-currency unsecured revolving credit facility was used to retire a $240.0 million short-term multi-currency revolving credit facility with Rabobank that was due to mature on March 31, 2023. The credit facility consists of a $325.0 million U.S. dollar only tranche and a $925.0 million multi-currency tranche for loans denominated in U.S. Dollars, Euros or other currencies to be agreed upon. The credit facility matures on December 19, 2027. Interest accrues on amounts outstanding for any borrowing
View on SEC.gov