Monsanto Announces $2 Billion Credit Facility
2007年3月1日 - 11:05PM
PRニュース・ワイアー (英語)
ST. LOUIS, March 1 /PRNewswire-FirstCall/ -- Monsanto Company
(NYSE:MON) announced today that it has entered into an agreement
with a group of banks to provide a new $2 billion credit facility.
This agreement provides a five-year senior unsecured revolving
credit facility, which replaces Monsanto's existing $1 billion
credit facility established in 2004. "The new credit facility
broadens our global banking support, and provides us with improved
flexibility and incremental financing capabilities," said Terry
Crews, Executive Vice President and Chief Financial Officer of
Monsanto. As part of the announcement, Monsanto noted that this new
credit facility would also provide additional options for financing
its proposed acquisition of Delta and Pine Land Company (NYSE:DLP).
This proposed acquisition is now being reviewed by the U.S.
Department of Justice (DOJ). The bank syndication of the $2 billion
facility was led by J.P.Morgan Securities Inc. and Citigroup Global
Markets, Inc., as co-lead arrangers and joint bookrunners. For more
information, please visit the company's web site at
http://www.monsanto.com/. DATASOURCE: Monsanto Company CONTACT: Lee
Quarles of Monsanto Company, +1-314-694-2330 Web site:
http://www.monsanto.com/ Company News On-Call:
http://www.prnewswire.com/comp/114341.html
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