AGCO $201.3 million 1.25% convertible notes due 2036 now convertible

By Melissa Kory

Cleveland, Nov. 5 - AGCO Corp.'s $201.3 million 1.25% convertible senior subordinated notes due Dec. 15, 2036 are now convertible into shares of common stock, according to a 10-Q filed with the Securities and Exchange Commission.

The notes are convertible at $40.73 per share, a conversion rate of 24.553. Beginning Dec. 15, 2013, AGCO may redeem the notes at par, plus accrued interest.

Holders of the notes may require AGCO to repurchase the notes at par, plus accrued interest, on Dec. 15, 2013, 2016, 2021, 2026 and 2031.

AGCO is a Duluth, Ga., manufacturer and distributor of agricultural equipment and related replacement parts.

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