CHICAGO--(BUSINESS WIRE)--Archer Daniels Midland Company (NYSE: ADM) today announced the pricing
of its offering of $1 billion aggregate principal amount of 2.50% notes
due 2026 (the “notes”). The notes will be issued at a public offering
price of 2.533%.
The company intends to use the net proceeds from the offering of the
notes for general corporate purposes, including to repay a portion of
outstanding commercial paper indebtedness. The offering is expected to
close on August 11, 2016.
The joint book-running managers for the offering are BNP Paribas
Securities Corp., HSBC Securities (USA) Inc., Deutsche Bank Securities
Inc. and MUFG Securities Americas Inc. The co-managers for the offering
are Barclays Capital Inc., Citigroup Global Markets Inc., J.P. Morgan
Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated.
A registration statement relating to the offering has been filed with
the Securities and Exchange Commission (the “Commission”) and is
effective. This press release shall not constitute an offer to sell any
securities and shall not constitute an offer, solicitation or sale in
any jurisdiction in which such offer, solicitation or sale would be
unlawful. The offering may be made only by means of a prospectus
supplement, the accompanying prospectus and any free writing prospectus
authorized by the company.
Copies of the prospectus supplement, the accompanying prospectus and any
free writing prospectus authorized by the company may be obtained by
contacting BNP Paribas Securities Corp., toll-free at 1-800-854-5674,
email at email@example.com;
or HSBC Securities (USA) Inc., toll-free at 1-866-811-8049.
For more than a century, the people of Archer Daniels Midland Company
(NYSE: ADM) have transformed crops into products that serve the vital
needs of a growing world. Today, we’re one of the world’s largest
agricultural processors and food ingredient providers, with more than
32,300 employees serving customers in more than 160 countries. With a
global value chain that includes 428 crop procurement locations, 280
ingredient manufacturing facilities, 39 innovation centers and the
world’s premier crop transportation network, we connect the harvest to
the home, making products for food, animal feed, industrial and energy
Archer Daniels Midland Company