Archer Daniels Midland Company Announces Pricing of $1 Billion of 2.50% Notes Due 2026
August 08 2016 - 4:49PM
Business Wire
Archer Daniels Midland Company (NYSE: ADM) today announced the
pricing of its offering of $1 billion aggregate principal amount of
2.50% notes due 2026 (the “notes”). The notes will be issued at a
public offering price of 2.533%.
The company intends to use the net proceeds from the offering of
the notes for general corporate purposes, including to repay a
portion of outstanding commercial paper indebtedness. The offering
is expected to close on August 11, 2016.
The joint book-running managers for the offering are BNP Paribas
Securities Corp., HSBC Securities (USA) Inc., Deutsche Bank
Securities Inc. and MUFG Securities Americas Inc. The co-managers
for the offering are Barclays Capital Inc., Citigroup Global
Markets Inc., J.P. Morgan Securities LLC and Merrill Lynch, Pierce,
Fenner & Smith Incorporated.
A registration statement relating to the offering has been filed
with the Securities and Exchange Commission (the “Commission”) and
is effective. This press release shall not constitute an offer to
sell any securities and shall not constitute an offer, solicitation
or sale in any jurisdiction in which such offer, solicitation or
sale would be unlawful. The offering may be made only by means of a
prospectus supplement, the accompanying prospectus and any free
writing prospectus authorized by the company.
Copies of the prospectus supplement, the accompanying prospectus
and any free writing prospectus authorized by the company may be
obtained by contacting BNP Paribas Securities Corp., toll-free at
1-800-854-5674, email at new.york.syndicate@bnpparibas.com; or HSBC
Securities (USA) Inc., toll-free at 1-866-811-8049.
About ADM
For more than a century, the people of Archer Daniels Midland
Company (NYSE: ADM) have transformed crops into products that serve
the vital needs of a growing world. Today, we’re one of the world’s
largest agricultural processors and food ingredient providers, with
more than 32,300 employees serving customers in more than 160
countries. With a global value chain that includes 428 crop
procurement locations, 280 ingredient manufacturing facilities, 39
innovation centers and the world’s premier crop transportation
network, we connect the harvest to the home, making products for
food, animal feed, industrial and energy uses.
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Archer Daniels Midland CompanyMedia
RelationsJackie Andersonmedia@adm.com312-634-8484
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