AGCO €600 million senior notes offering
Davis Polk advised the representatives of the several initial purchasers, in connection with an unregistered offering by AGCO International Holdings B.V., a Netherlands-domiciled subsidiary of AGCO Corporation, of €600 million aggregate principal amount of its 0.800% senior euro-denominated notes due 2028.
The notes are expected to trade on the Euronext Dublin’s Global Exchange Market and to be held in a manner which would allow them to be eligible for the corporate sector purchase programme of the European Central Bank, referred to as the CSPP.
Founded in 1990 and headquartered in Duluth, Georgia, AGCO is a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology. AGCO delivers customer value through its differentiated brand portfolio including core brands like Challenger, Fendt, GSI, Massey Ferguson and Valtra. Powered by Fuse smart farming solutions, AGCO’s full line of equipment and services helps farmers sustainably feed our world.
The Davis Polk capital markets team included partner Byron B. Rooney and counsel Jennifer Ying Lan. Counsel John Taylor provided European regulatory advice. The tax team included partner Michael Farber and associate Justin Corvino. The environmental team included counsel Loyti Cheng. Members of the Davis Polk team are based in the New York and London offices.