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ADM Archer Daniels Midland Company

59.19
-0.16 (-0.27%)
04 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Archer Daniels Midland Company NYSE:ADM NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -0.16 -0.27% 59.19 59.68 58.86 59.31 3,273,863 01:00:00

Archer Daniels Midland Company Announces Pricing of $1 Billion of 2.50% Notes Due 2026

08/08/2016 9:49pm

Business Wire


Archer Daniels Midland (NYSE:ADM)
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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.

Archer Daniels Midland CompanyMedia RelationsJackie Andersonmedia@adm.com312-634-8484

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