Monsanto Company announces $800 million debt offering

Date:04-08-2015

Monsanto Company recently announced the pricing of $800 million aggregate principal amount of fixed rate senior notes consisting of the following:

• $300 million in senior notes that mature in 2025 and bear interest at a rate of 2.850%,
• $500 million in senior notes that mature in 2045 and bear interest at a rate of 3.950%.

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.