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Prospect News home > News index > List of issuers T > Headlines for Tenders 2004 > News item |
AGCO to redeem 8½% notes with proceeds of upcoming deal
New York, March 29 - AGCO Corp. (Ba3/BB+) plans for a new note offering and said that it will use the proceeds to redeem the $250 million principal amount of its 8½% senior subordinated notes due 2006.
AGCO, a Duluth, Ga.-based agricultural equipment company, did not give a timeframe for the anticipated note redemption.
The company said that it would sell €200 million senior subordinated notes in a fully underwritten public offering. The company said the prospectus supplement for the offering is expected to be filed with the Securities and Exchange Commission during the week of April 5 and the offering is expected to launch shortly afterward.
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