FMC plans to prepay term loan due 2024 with new note proceeds

By Marisa Wong

Los Angeles, May 15 – FMC Corp. plans to prepay its term loan dated Nov. 22, 2021 with Citibank, NA as administrative agent using proceeds from an offering of senior notes, according to a 424B5 filing with the Securities and Exchange Commission.

At March 31, the outstanding principal amount under the term loan was $800 million, with an interest rate of 5.4% and a maturity date of Nov. 22, 2024.

FMC is an agricultural sciences company based in Philadelphia.

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