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Chemical Week Magazine :: Newsbriefs
Monsanto issues debt, closes Climate Corp. deal
7:12 AM MST | November 8, 2013
Monsanto has 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 combined â€œhyperlocal weather monitoring, agronomic data modeling...
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