Monsanto Company Announces $365 Million Debt Offering

21-Jan-2015 - USA

Monsanto Company  announced the pricing of a $365 million public debt offering of senior notes that mature in 2045 and bear interest at a rate of 4.30%. This offering is expected to be sold to professional institutional investors in Taiwan, with application to be made to list the notes on the Gre Tai Securities Market. Completion of the offering is subject to customary conditions to closing.

The company indicated that it expects to use the proceeds from the offering for general corporate purposes, which may include capital expenditures and share repurchases.

Monsanto’s shelf registration was filed and became effective in June 2014.

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