FMC Corporation completes financings
Philadelphia, PA— A European
finance subsidiary executed a new credit agreement on December
16, 2005, providing for a five-year, euro 220 million revolving
credit facility and will borrow approximately US$264 million.
Proceeds will be distributed,
indirectly, to FMC in the United States taking advantage of the
tax benefits afforded by the American Jobs Creation Act of 2004
and applied to the repayment of the US$244 million term loan outstanding
under FMC's domestic credit agreement and for other general purposes.
In addition, on December 15,
2005, Sweetwater County, Wyoming, issued $90 million principal
amount of 5.60 percent Solid Waste Disposal Refunding Revenue
Bonds (FMC Corporation Project) Series 2005, maturing on December
1, 2035.
Proceeds will be used to redeem
on January 17, 2006, at a redemption price of 101 percent plus
accrued interest, two industrial revenue bond issues sold by Sweetwater
County, Wyoming, for FMC in 1994, also in an aggregate principal
amount of $90 million and bearing an average interest rate of
6.95 percent. |