8-K
filed May 18, 2023, 7:59 PM ET
ticker FMC
CIK 0000037785
debt
confidence high
sentiment neutral
materiality 0.65
FMC CORP (FMC): debt financing — FMC issues $1.5B in senior notes across three tranches maturing 2026, 2033, 2053
FMC CORP
- Issued $500M 5.150% Senior Notes due May 18, 2026, $500M 5.650% Notes due 2033, $500M 6.375% Notes due 2053.
- Notes sold on May 18, 2023 under underwriting agreement with BofA, Citigroup, SMBC Nikko, and TD Securities.
- Notes are unsecured, unsubordinated obligations; redemption provisions allow early redemption at specified prices.
- Indenture includes covenants limiting liens, sale-leaseback, and mergers; change-of-control triggers 101% repurchase offer.
Key facts
Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 1.0
FMC CORP incurred senior notes of $500,000,000 with U.S. Bank Trust Company, National Association at 5.150% maturing May 18, 2026.
- Instrument
- senior notes
- Principal
- $500,000,000
- Counterparty
- U.S. Bank Trust Company, National Association
- Rate
- 5.150%
- Maturity
- May 18, 2026
- Event
- incurrence
Exact text from the filing
On May 18, 2023, FMC Corporation (the “Company”) completed the sale of $500 million principal amount of 5.150% Senior Notes due 2026 (the “2026 Notes”), $500 million principal amount of 5.650% Senior Notes due 2033 (the “2033 Notes”) and $500 million principal amount of 6.375% Senior Notes due 2053 of the Company (the “2053 Notes” and, together with the 2026 Notes and the 2033 Notes, the “Notes”).
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 1.0
FMC CORP incurred senior notes of $500,000,000 with U.S. Bank Trust Company, National Association at 5.650% maturing May 18, 2033.
- Instrument
- senior notes
- Principal
- $500,000,000
- Counterparty
- U.S. Bank Trust Company, National Association
- Rate
- 5.650%
- Maturity
- May 18, 2033
- Event
- incurrence
Exact text from the filing
On May 18, 2023, FMC Corporation (the “Company”) completed the sale of $500 million principal amount of 5.150% Senior Notes due 2026 (the “2026 Notes”), $500 million principal amount of 5.650% Senior Notes due 2033 (the “2033 Notes”) and $500 million principal amount of 6.375% Senior Notes due 2053 of the Company (the “2053 Notes” and, together with the 2026 Notes and the 2033 Notes, the “Notes”).
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 1.0
FMC CORP incurred senior notes of $500,000,000 with U.S. Bank Trust Company, National Association at 6.375% maturing May 18, 2053.
- Instrument
- senior notes
- Principal
- $500,000,000
- Counterparty
- U.S. Bank Trust Company, National Association
- Rate
- 6.375%
- Maturity
- May 18, 2053
- Event
- incurrence
Exact text from the filing
On May 18, 2023, FMC Corporation (the “Company”) completed the sale of $500 million principal amount of 5.150% Senior Notes due 2026 (the “2026 Notes”), $500 million principal amount of 5.650% Senior Notes due 2033 (the “2033 Notes”) and $500 million principal amount of 6.375% Senior Notes due 2053 of the Company (the “2053 Notes” and, together with the 2026 Notes and the 2033 Notes, the “Notes”).
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
FMC CORP amended Fifth Supplemental Indenture with U.S. Bank Trust Company, National Association valued at $500 million (effective 2023-05-18).
- Action
- amendment
- Agreement
- notes offering
- Counterparty
- U.S. Bank Trust Company, National Association
- Value
- $500 million
- Effective
- 2023-05-18
Exact text from the filing
The Notes were issued under and are governed by an Indenture, dated as of November 15, 2009 (the “Base Indenture”), between the Company and U.S. Bank Trust Company, National Association, as trustee (the “Trustee”), as supplemented and amended by a Fifth Supplemental Indenture, dated as of May 18, 2023, by and among the Company and the Trustee (the “Fifth Supplemental Indenture” and the Base Indenture, as so supplemented and amended, the “Indenture”).
View on SEC.gov
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