FMC Corporation Prices $300 Million Debt Offering

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Nov 17, 2011, 07:08 ET

PHILADELPHIA, Nov. 17, 2011 /PRNewswire/ -- FMC Corporation (NYSE: FMC) today announced that it priced $300 million aggregate principal amount of its 3.95% Senior Notes due February 1, 2022, in an underwritten registered public offering. The offering is being made pursuant to an effective shelf registration statement FMC filed with the Securities and Exchange Commission on February 25, 2010, and is expected to close on November 22, 2011, subject to customary closing conditions. FMC intends to use the net proceeds from this offering to pay down existing indebtedness under FMC's revolving credit agreement and for general corporate purposes, including FMC's stock repurchase program.

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The joint book-running managers for the offering are BofA Merrill Lynch and Citigroup. Earlier today, FMC filed a preliminary prospectus supplement and an accompanying prospectus with the SEC in connection with the offering of the senior notes. Copies of these materials can be obtained by contacting: Citigroup Global Markets Inc., Attention: Prospectus Department, Brooklyn Army Terminal, 140 58th Street, 8th Floor, Brooklyn, New York 11220, or by telephone at 1-877-858-5407 or Merrill Lynch, Pierce, Fenner & Smith, Incorporated at 100 West 33rd Street, New York, New York 10001, Attention: Prospectus Department, or by telephone at 1-212-449-1668. Electronic copies of the preliminary prospectus supplement and accompanying prospectus are also available on the SEC's web site at www.sec.gov.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy the senior notes, nor shall there be any sale of the senior notes in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

FMC Corporation is a diversified chemical company serving agricultural, industrial and consumer markets globally for more than a century with innovative solutions, applications and quality products. In 2010, FMC had annual sales of approximately $3.1 billion. The company employs approximately 5,000 people throughout the world, and operates its businesses in three segments: Agricultural Products, Specialty Chemicals and Industrial Chemicals. For more information, visit www.FMC.com.

Safe Harbor Statement under the Private Securities Act of 1995: Statements in this news release that are forward-looking statements are subject to various risks and uncertainties concerning specific factors described in FMC Corporation's 2010 Form 10-K and other SEC filings. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. FMC Corporation does not intend to update this information and disclaims any legal obligation to the contrary. Historical information is not necessarily indicative of future performance.

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