DULUTH, Ga.--(BUSINESS WIRE)--Nov. 28, 2011--
AGCO, Your Agriculture Company (NYSE: AGCO), a worldwide manufacturer
and distributor of agricultural equipment, today announced the pricing
of its offering of $300 million aggregate principal amount of its 5.875%
Senior Notes due 2021 in a private placement. The notes were priced at
100% of par value. The offering is expected to close on December 5, 2011
subject to customary closing conditions. AGCO estimates that its net
proceeds from the offering will be approximately $297.1 million after
offering expenses, and intends to use such net proceeds to finance in
part the previously announced acquisition of GSI Holdings Corp.
The notes will be sold to qualified institutional buyers pursuant to
Rule 144A (and outside the United States in reliance on Regulation S)
under the Securities Act of 1933, as amended. The notes have not been
registered under the Securities Act or applicable state securities laws,
and may not be offered or sold absent registration under the Securities
Act or applicable state securities laws or applicable exemptions from
registration requirements.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy any security and shall not constitute an
offer, solicitation or sale in any jurisdiction in which such offering
would be unlawful. This press release is being issued pursuant to and in
accordance with Rule 135c of the Securities Act.
Safe Harbor Statement
Statements made in this press release, including those related to AGCO’s
plans to issue the notes, its application of the proceeds from the
notes, and its acquisition of GSI Holdings Corp., are forward-looking
statements. These statements involve risks and uncertainties that may
cause actual results to differ materially from those set forth in these
statements. Among other things, the closing conditions for the offering
of the notes may not be satisfied. These factors are not intended to be
an all-encompassing list of risks and uncertainties that may affect
AGCO’s business. Further information concerning these and other factors
is included in AGCO’s filings with the Securities and Exchange
Commission, including its Form 10-K for the year ended
December 31, 2010. AGCO disclaims any obligation to update any
forward-looking statements except as required by law.
ABOUT AGCO
AGCO, Your Agriculture Company, (NYSE: AGCO), a Fortune 500 company, was
founded in 1990 and offers a full product line of tractors, combines,
hay tools, sprayers, forage equipment, tillage, implements, and related
replacement parts. AGCO agricultural products are sold under the core
brands of Challenger®, Fendt®, Massey Ferguson®
and Valtra® and are distributed globally through
approximately 2,650 independent dealers and distributors in more than
140 countries worldwide. Retail financing is available through AGCO
Finance for qualified purchasers. AGCO is headquartered in Duluth, GA,
USA. In 2010, AGCO had net sales of $6.9 billion.
Source: AGCO
AGCO
Investor contact:
Greg Peterson,
770-232-8229
greg.peterson@agcocorp.com
