---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-272483"
form_type: "8-K"
ticker: "FMC"
cik: "0000037785"
company_name: "FMC CORP"
filed_at: "2023-11-07T23:59:59+00:00"
generated_at: "2026-06-08T18:03:12.699236+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# FMC amends credit agreement; leverage ratio covenant raised to 6.5x through mid-2024

## Summary
- Maximum leverage ratio raised to 6.5x through June 30, 2024, stepping down to 3.75x by Sept 30, 2025.
- Interest coverage ratio covenant adjusted similarly over same period.
- CFO cites unprecedented downturn in global crop protection market for temporary relief.
- Company expects strong cash generation in 2024, prioritized to debt paydown and dividend.
- Amendment received unanimous support from bank group; additional details in 8-K.

## SEC filing metadata
- accession: 0001193125-23-272483
- form_type: 8-K
- ticker: FMC
- cik: 0000037785
- company_name: FMC CORP
- filed_at: 2023-11-07T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/37785/000119312523272483/0001193125-23-272483-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/37785/000119312523272483/d499849d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-272483
- JSON: https://secwatch.observer/filing/0001193125-23-272483.json
- Plain text: https://secwatch.observer/filing/0001193125-23-272483.txt

## Key facts
- Material Agreements
  FMC CORP amended Amendment No. 2 with the lenders party thereto and issuing banks party thereto and Citibank, N.A., as administrative agent (effective 2023-11-07).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: the lenders party thereto and issuing banks party thereto and Citibank, N.A., as administrative agent
  - Effective: 2023-11-07
  source text: On November 7, 2023, FMC Corporation (the “ Company ”) entered into Amendment No. 2 (the “ Amendment ”) to that certain Fifth Amended and Restated Credit Agreement, dated as of June 17, 2022, among the Company, as U.S. Borrower, certain foreign subsidiaries of the Company party thereto, as Euro Borrowers, the lenders party thereto (the “ Lenders ”) and issuing banks party thereto and Citibank, N.A., as administrative agent (as previously amended, the “ Credit Agreement ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/37785/000119312523272483/0001193125-23-272483-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.