BASEL, Switzerland--(BUSINESS WIRE)--Syngenta announced today the successful pricing of USD-denominated 144A/RegS senior unsecured notes. This issue comprises various maturities up to 30 years representing a total issuance amount of $4.75 billion.
Syngenta Chief Financial Officer Mark Patrick said: "The majority of net proceeds from the issue will be used to refinance existing bridge financing for ChemChina’s acquisition of Syngenta. Any remaining proceeds will be used for general corporate purposes.”
“The response from the market has been very positive. It is clear recognition of Syngenta’s continuing potential for strong cash flow generation,” said Mr Patrick.
Syngenta is a leading agriculture company helping to improve global food security by enabling millions of farmers to make better use of available resources. Through world class science and innovative crop solutions, our 28,000 people in over 90 countries are working to transform how crops are grown. We are committed to rescuing land from degradation, enhancing biodiversity and revitalizing rural communities. To learn more visit www.syngenta.com and www.goodgrowthplan.com. Follow us on Twitter® at www.twitter.com/Syngenta.
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In the United States, this announcement is only for distribution to “qualified institutional buyers” as defined in Rule 144A of the U.S. Securities Act of 1933, as amended (the “Securities Act”). No onward distribution of this announcement is permitted. This announcement does not constitute or form part of any offer to sell or a solicitation of an offer to buy any securities in the United States or any other jurisdiction. This announcement does not constitute a prospectus or other offering document. Any offering of securities will be made by means of an offering memorandum, copies of which will be made available in accordance with the applicable rules. No securities have been or will be registered under the Securities Act, or the securities laws of any state of the United States or any other jurisdiction. No securities may be offered, sold or delivered in the United States, or to, or for the account or benefit of, U.S. Persons (as defined in Regulation S under the Securities Act), except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and any applicable state or other securities laws. No public offering is being made in the United States or in any other jurisdiction where such an offering is restricted or prohibited or where such offer would be unlawful. The distribution of this announcement may be restricted by applicable laws and regulations. Persons who are physically located in those jurisdictions and in which this announcement is circulated, published or distributed must inform themselves about and observe such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.
In addition to (and without prejudice to) the foregoing, in the European Economic Area this press release is directed only at persons who are not retail investors. For these purposes, a retail investor means a person who is one (or more) of: (i) a retail client as defined in point (11) of Article 4(1) of Directive 2014/65/EU (“MiFID II”); (ii) a customer within the meaning of Directive 2002/92/EC, where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II; or (iii) a “qualified investor” within the meaning of Article 2(1)(e) of the Prospectus Directive (Directive 2003/71/EC as amended by Directive 2010/73/EU). This announcement does not constitute a prospectus for the purposes of Article 2 (1) (e) of the Prospectus Directive.
This announcement does not constitute an offer of securities to the public in the United Kingdom. This announcement is being distributed to and is directed only at: (i) persons who are outside of the United Kingdom; (ii) investment professionals specified in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the “Order”); (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order; and (iv) persons to whom an invitation or inducement to engage in investment activity (within the meaning of section 21 of the Financial Services and Markets Act 2000) in connection with the issue or sale of any securities of Syngenta or any member of its group may otherwise lawfully be communicated or caused to be communicated (all such persons together being referred to as “Relevant Persons”). Any investment activity to which this announcement relates will only be available to, and will be engaged in only with, Relevant Persons.
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