FMC draws $1.5 billion loan term to acquire crop protection business

By Wendy Van Sickle

Columbus, Ohio, Nov. 2 – FMC Corp. borrowed $1.5 billion on Wednesday under its senior unsecured term loan facility provided for by a May 2 term loan agreement, according to an 8-K filing with the Securities and Exchange Commission.

Proceeds were used to fund the $1.2 billion cash portion of the company’s acquisition of a significant portion of DuPont’s Crop Protection business.

Citibank, NA is the administrative agent for the term loan.

FMC is a diversified chemical company based in Philadelphia.

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