AGCO Corporation Announces Tender Offer for its 5.875% Senior Notes due 2021

Business Wire 1-May-2018 9:00 AM

AGCO, Your Agricultural Company (NYSE:AGCO), today announced that it has commenced a cash tender offer (the "offer") to purchase any and all of the outstanding senior notes listed in the following table at the cash purchase price shown in the column titled "Purchase Price per $1,000 of Notes."

Issuer       Title of Security       CUSIP      

Principal AmountOutstanding


Purchase Price per$1,000 of Notes

AGCO Corporation      

5.875% SeniorNotes due 2021




      $300,000,000       $1,077.50

Holders whose notes are purchased will also receive accrued and unpaid interest thereon from the last interest payment date up to, but not including, the settlement date.

The offer is being made pursuant to the terms and conditions contained in the Offer to Purchase and Notice of Guaranteed Delivery, copies of which may be obtained from D.F. King & Co., Inc., the tender agent and information agent for the offer, by calling (877) 297-1744 (toll free) or, for banks and brokers, (212) 269-5550 or by email at Copies of the Offer to Purchase and Notice of Guaranteed Delivery are also available at the following web address:

The offer will expire at 5:00 p.m. New York City Time on May 7, 2018, unless extended or earlier terminated (such time and date as the same may be extended, the "Expiration Time"). Tendered notes may be withdrawn at any time before the Expiration Time. Holders of notes must validly tender and not validly withdraw their notes (or comply with the procedures for guaranteed delivery) before the Expiration Time to be eligible to receive the consideration for their notes.

Settlement for notes tendered prior to the Expiration Time and accepted for purchase will occur promptly after the Expiration Time, which is expected to be May 8, 2018, assuming that the offer is not extended or earlier terminated. The settlement date for any notes tendered pursuant to a Notice of Guaranteed Delivery is expected to be on May 10, 2018, subject to the same assumption.

The offer for the notes is conditioned upon the satisfaction of certain conditions satisfactory to AGCO. The offer is not conditioned upon any minimum amount of notes being tendered, and the offer may be amended, extended, terminated or withdrawn, subject to applicable law.

AGCO has retained HSBC Securities (USA) Inc. and MUFG Securities Americas Inc. to serve as the Dealer Managers for the offer. Questions regarding the terms of the offer may be directed to HSBC Securities (USA) Inc., Liability Management Group, at (212) 525-5552 (collect) or (888) HSBC-4LM (U.S. toll-free), or to MUFG Securities Americas Inc., Liability Management Group, at (212) 405-7481 (collect) or (877) 744-4532 (U.S. toll-free).

Cautionary Statements:

This press release does not constitute an offer to sell or the solicitation of an offer to buy any notes in the offer.

Various statements in this release, including those that express a belief, expectation or intention, may be considered forward-looking statements (as defined in Section 21E of the Securities Exchange Act of 1934, as amended) that involve risks and uncertainties that could cause actual results to differ materially from projected results. Accordingly, investors should not place undue reliance on forward-looking statements as a prediction of actual results. The forward-looking statements may include projections and estimates concerning the timing and success of specific projects and our future production, revenues, income and capital spending. When we use the words "anticipate," "assumed," "indicate," "estimate," "believe," "predict," "forecast," "rely," "expect," "continue," "grow" and other words of similar meaning or their negatives, or other similar expressions, the statements which include those words are usually forward-looking statements. When we describe strategy that involves risks or uncertainties, we are making forward-looking statements. The forward-looking statements in this press release, if any, speak only as of the date of this press release; we disclaim any obligation to update these statements. We have based these forward-looking statements on our current expectations and assumptions about future events. Although we believe that the expectations and assumptions reflected in these statements are reasonable in view of the information currently available to us, there can be no assurance that these expectations will prove to be correct. These risks, contingencies and uncertainties relate to, among other matters, the factors discussed in "Risk Factors" in our Form 10-K for the year ended December 31, 2017, as updated by any subsequent Form 10-Qs, which are on file at the Securities and Exchange Commission.

About AGCO:

AGCO (NYSE:AGCO) is a global leader in the design, manufacture and distribution of agriculture equipment and solutions and supports more productive farming through its full line of equipment and related services. AGCO products are sold through five core brands, Challenger®, Fendt®, GSI®, Massey Ferguson® and Valtra®, supported by Fuse® precision technologies and farm optimization services. Founded in 1990, AGCO is headquartered in Duluth, GA, USA. In 2017, AGCO had net sales of approximately $8.3 billion. For more information, visit For company news, information and events, please follow us on Twitter: @AGCOCorp. For financial news on Twitter, please follow the hashtag #AGCOIR.

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