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People & Business :: Earnings/Finance
FMC Refinances Credit Agreement
2:05 PM MDT | August 5, 2011 | Vincent Valk
FMC has entered into a new $1.5 billion unsecured credit agreement due in 2016, the company announced today. The agreement replaces two unsecured credit facilities totaling $915 million, both of which were slated to expire in August 2012. An option in the agreement allows it to be extended to 2018 or increased to $2.25 billion, FMC says. The money will be use for general corporate purposes. The agreement gives FMC resources to pursue acquisitions, launch share repurchases, raise dividends and fund organic growth initiatives, says FMC CEO Pierre...
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