ST. LOUIS--(BUSINESS WIRE)--Monsanto Company (NYSE: MON) today announced the pricing of $800 million aggregate principal amount of fixed rate senior notes consisting of the following:
- $300 million in senior notes that mature in 2025 and bear interest at a rate of 2.850%,
- $500 million in senior notes that mature in 2045 and bear interest at a rate of 3.950%.
The company indicated that it expects to use the proceeds from the offering for general corporate purposes, which may include capital expenditures and share repurchases.
Monsanto’s shelf registration was filed and became effective in June 2014.
This news release does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the notes in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. This offering is being made solely by means of a prospectus and prospectus supplement.
Copies of the prospectus and prospectus supplement relating to the notes may be obtained by contacting: Merrill Lynch, Pierce, Fenner & Smith Incorporated, 222 Broadway, New York, NY 10038, Attn: Prospectus Department, email email@example.com or Goldman, Sachs & Co., Prospectus Department, 200 West Street, New York, NY 10282, telephone: 1-866-471-2526, facsimile: 212-902-9316, or email: firstname.lastname@example.org.
About Monsanto Company
Monsanto Company is a leading global provider of technology-based solutions and agricultural products that improve farm productivity and food quality. Monsanto remains focused on enabling both small-holder and large-scale farmers to produce more from their land while conserving more of our world's natural resources such as water and energy.