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People & Business :: M&A
Monsanto announces $1-billion debt issue, closes Climate Corp. deal
8:55 AM MST | November 5, 2013 | Rebecca Coons
Monsanto today announced a $1-billion public debt offering, with $400 million in 3-year bonds, $300 million in 5-year bonds, and $300 million in 30-year bonds. The company intends to use the net proceeds, together with available cash, to repay commercial paper issued to finance the $930-million acquisition of agriculture analytics firm The Climate Corp. (San Francisco) and for other general corporate purposes. Monsanto announced on 1 November that The Climate Corp. deal had closed. The company has built the agriculture industry’s most advanced...
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