secwatch / observer
8-K filed March 21, 2024, 7:59 PM ET ticker AGCO CIK 0000880266
debt confidence high sentiment neutral materiality 0.70

AGCO issues $1.1B of senior notes to fund Trimble JV acquisition

AGCO CORP /DE

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.99

AGCO CORP /DE entered into Underwriting Agreement with Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC, Rabo Securities USA, Inc. valued at $1,100,000,000 (aggregate $400,000,000 2027 Notes + $700,000,000 2034 Notes) (effective 2024-03-18).

Action
entry
Agreement
underwriting
Counterparty
Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC, Rabo Securities USA, Inc.
Value
$1,100,000,000 (aggregate $400,000,000 2027 Notes + $700,000,000 2034 Notes)
Effective
2024-03-18
Exact text from the filing
On March 21, 2024, AGCO Corporation (the “Company”) completed its underwritten public offering of (i) $400,000,000 aggregate principal amount of 5.450% Senior Notes due 2027 (the “2027 Notes”) and (ii) $700,000,000 aggregate principal amount of 5.800% Notes due 2034 (the “2034 Notes”, and together with the 2027 Notes, the “Notes”), pursuant to an Underwriting Agreement, dated as of March 18, 2024 (the “Underwriting Agreement”), among the Company, the Guarantors (as defined below) and Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC and Rabo Securities USA, Inc., as representatives of the underwriters named in the Underwriting Agreement.
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.98

AGCO CORP /DE entered into Senior Note Indenture and First Supplemental Indenture with HSBC Bank USA, National Association (as trustee) valued at $1,100,000,000 aggregate principal amount of 5.450% 2027 Notes and 5.800% 2034 Notes (effective 2024-03-21).

Action
entry
Agreement
notes offering
Counterparty
HSBC Bank USA, National Association (as trustee)
Value
$1,100,000,000 aggregate principal amount of 5.450% 2027 Notes and 5.800% 2034 Notes
Effective
2024-03-21
Exact text from the filing
The Notes were issued pursuant to the Senior Note Indenture, dated as of March 21, 2024 (the “Base Indenture”), among the Company, the Guarantors and HSBC Bank USA, National Association, as trustee (the “Trustee”), as amended and supplemented by the First Supplemental Indenture, dated as of March 21, 2024, among the Company, the Guarantors and the Trustee (the “First Supplemental Indenture” and together with the Base Indenture, the “Indenture”).
View on SEC.gov

547 material agreements filed in the last 30 days. Browse all material agreements →

AGCO CORP /DE filing history →

Source: SEC EDGAR
accession 0001104659-24-037103
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