Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
AGCO CORP /DE incurred credit facility of up to $2 billion with Morgan Stanley Senior Funding, Inc. at at an interest rate equal to, at AGCO's election, a 'Base Rate' plus an 'Applica maturing 364 days after the closing.
- Instrument
- credit facility
- Principal
- up to $2 billion
- Counterparty
- Morgan Stanley Senior Funding, Inc.
- Rate
- at an interest rate equal to, at AGCO's election, a 'Base Rate' plus an 'Applica
- Maturity
- 364 days after the closing
- Event
- incurrence
Exact text from the filing
To provide for financing in the event that the note issuances are not complete prior to closing, AGCO entered into a commitment letter for a $2.00 Billion Senior Unsecured 364-Day Bridge Facility (the “ Commitment Letter ”) with Morgan Stanley Senior Funding, Inc.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
AGCO CORP /DE entered into Sale and Contribution Agreement with Trimble Inc. valued at AGCO will pay $2 billion in cash, own 85% interest in the Joint Venture; termination fee of $94 mill (effective 2023-09-28).
- Action
- entry
- Agreement
- collaboration
- Counterparty
- Trimble Inc.
- Value
- AGCO will pay $2 billion in cash, own 85% interest in the Joint Venture; termination fee of $94 mill
- Effective
- 2023-09-28
Exact text from the filing
On September 28, 2023, AGCO Corporation (“ AGCO ”) entered into a Sale and Contribution Agreement (the “ Agreement ”) with Trimble Inc. (“ Trimble ”) and its currently 100%-owned subsidiary Trimble Solutions, LLC (the “ Joint Venture ”).
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
AGCO CORP /DE entered into Senior Unsecured 364-Day Bridge Facility Commitment Letter with Morgan Stanley Senior Funding, Inc. valued at Up to $2 billion, interest rate (Base Rate or Term SOFR plus Applicable Margin), Duration Fee, matur (effective 2023-09-28).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Morgan Stanley Senior Funding, Inc.
- Value
- Up to $2 billion, interest rate (Base Rate or Term SOFR plus Applicable Margin), Duration Fee, matur
- Effective
- 2023-09-28
Exact text from the filing
To provide for financing in the event that the note issuances are not complete prior to closing, AGCO entered into a commitment letter for a $2.00 Billion Senior Unsecured 364-Day Bridge Facility (the “ Commitment Letter ”) with Morgan Stanley Senior Funding, Inc.
View on SEC.gov