AGCO Corp Enters Material Definitive Agreement

TL;DR

AGCO just signed a big financing deal, check the 8-K.

AI Summary

On March 18, 2024, AGCO Corporation entered into a Material Definitive Agreement related to financing. The filing also includes financial statements and exhibits, with the report being filed on March 21, 2024.

Why It Matters

This filing indicates AGCO Corporation has secured a new financing agreement, which could impact its financial flexibility and future investments.

Risk Assessment

Risk Level: low — The filing reports on a standard material definitive agreement, which is a routine corporate event.

Key Players & Entities

• AGCO Corporation (company) — Registrant
• March 18, 2024 (date) — Date of earliest event reported
• March 21, 2024 (date) — Filing date
• Delaware (jurisdiction) — State of incorporation
• 4205 River Green Parkway (address) — Principal executive offices
• Duluth, Georgia (location) — Principal executive offices location

FAQ

From the Filing

0001104659-24-037103.txt : 20240321 0001104659-24-037103.hdr.sgml : 20240321 20240321112549 ACCESSION NUMBER: 0001104659-24-037103 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 25 CONFORMED PERIOD OF REPORT: 20240318 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240321 DATE AS OF CHANGE: 20240321 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AGCO CORP /DE CENTRAL INDEX KEY: 0000880266 STANDARD INDUSTRIAL CLASSIFICATION: FARM MACHINERY & EQUIPMENT [3523] ORGANIZATION NAME: 06 Technology IRS NUMBER: 581960019 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-12930 FILM NUMBER: 24770025 BUSINESS ADDRESS: STREET 1: 4205 RIVER GREEN PKWAY CITY: DULUTH STATE: GA ZIP: 30096 BUSINESS PHONE: 7708139200 MAIL ADDRESS: STREET 1: 4205 RIVER GREEN PARKWAY CITY: DULUTH STATE: GA ZIP: 30096 8-K 1 tm249317d1_8k.htm FORM 8-K false 0000880266 AGCO CORP /DE 0000880266 2024-03-18 2024-03-18 iso4217:USD xbrli:shares iso4217:USD xbrli:shares       UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549   FORM  8-K   Current Report   Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934   Date of Report (Date of earliest event reported): March 18, 2024   AGCO CORPORATION (Exact name of Registrant as specified in its charter)   Delaware 001-12930 58-1960019 (State or other jurisdiction of incorporation or organization) (Commission File Number) (I.R.S. Employer Identification No.)   4205 River Green Parkway Duluth , Georgia 30096 (Address of principal executive offices, including Zip Code)   770 813-9200 (Registrant’s telephone number, including area code)       Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:   ¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)   ¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)   ¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))   ¨   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))   Securities registered pursuant to Section 12(b) of the Act   Title of Class Trading Symbol Name of exchange on which registered Common stock AGCO New York Stock Exchange   Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).   Emerging growth company ¨   If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.   ¨             Item 1.01. Entry into a Material Definitive Agreement.   On March 21, 2024, AGCO Corporation (the “Company”) completed its underwritten public offering of (i) $400,000,000 aggregate principal amount of 5.450% Senior Notes due 2027 (the “2027 Notes”) and (ii) $700,000,000 aggregate principal amount of 5.800% Notes due 2034 (the “2034 Notes”, and together with the 2027 Notes, the “Notes”), pursuant to an Underwriting Agreement, dated as of March 18, 2024 (the “Underwriting Agreement”), among the Company, the Guarantors (as defined below) and Morgan Stanley & Co. LLC, J.P. Morgan Securiti