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...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee