FMC CORP (FMC): debt financing — FMC issues $750M of 8.450% subordinated notes due 2055 to refinance near-term debt

FMC CORP

Sold $750M aggregate principal of 8.450% Fixed-to-Fixed Reset Rate Subordinated Notes due Nov 1, 2055.
Interest rate fixed at 8.450% through Nov 1, 2030, then resets every 5 years at 5Y UST + 4.366% with 8.450% floor.
Proceeds to redeem $500M of 5.150% Senior Notes due May 2026 and for general corporate purposes.
Notes are subordinated to senior indebtedness; redeemable at par before first reset and on interest payment dates thereafter.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.99

FMC CORP incurred senior notes of $750,000,000 aggregate principal amount with U.S. Bank Trust Company, National Association at 8.450% per year maturing November 1, 2055.

Instrument: senior notes
Principal: $750,000,000 aggregate principal amount
Counterparty: U.S. Bank Trust Company, National Association
Rate: 8.450% per year
Maturity: November 1, 2055
Event: incurrence

Exact text from the filing

On May 27, 2025, FMC Corporation (the “Company”) completed the sale of $750,000,000 aggregate principal amount of the Company’s 8.450% Fixed-to-Fixed Reset Rate Subordinated Notes due 2055 (the “Notes”). The Notes were issued under and are governed by a Subordinated Indenture, dated as of May 27, 2025 (the “Base Indenture”), between the Company and U.S. Bank Trust Company, National Association, as trustee (the “Trustee”), as supplemented and amended by a First Supplemental Indenture, dated as of May 27, 2025, by and among the Company and the Trustee (the “First Supplemental Indenture” and the Base Indenture, as so supplemented and amended, the “Indenture”).

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Source: SEC EDGAR

accession 0001193125-25-128667

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