AGCO says $185.86 million of 5.875% notes due 2021 tendered in offer

New York, May 8 – AGCO Corp. received valid tenders for $185,858,000 of $300 million of 5.875% senior notes due 2021, according to a news release.

All validly tendered notes were accepted for purchase, and settlement was planned for Wednesday.

As announced on May 1, the tender expired at 5 p.m. ET on May 7.

The purchase price will be $1,077.50 per $1,000 of notes plus accrued interest up to but excluding the settlement date.

Settlement of notes tendered under a notice of guaranteed delivery is expected to be May 10.

The offer was not conditioned upon any minimum amount of notes being tendered.

HSBC Securities (USA) Inc. (212 525-5552 or 888 HSBC-4LM) and MUFG Securities Americas Inc. (212 405-7481 or 877 744-4532) are the dealer managers.

D.F. King & Co., Inc. (877 297-1744, 212 269-5550, agco@dfking.com or dfking.com/agco) is the tender agent and information agent.

AGCO designs, manufactures and distributes agricultural machinery and is based in Duluth, Ga.

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