FMC Corp Enters Material Definitive Agreement
Ticker: FMC · Form: 8-K · Filed: Feb 11, 2025 · CIK: 37785
Sentiment: neutral
Topics: debt, financing
TL;DR
FMC Corp just signed a new credit agreement, locking in some debt.
AI Summary
On February 11, 2025, FMC Corporation entered into a material definitive agreement, specifically a credit agreement. This agreement creates a direct financial obligation for the registrant. The filing also includes financial statements and exhibits related to this event.
Why It Matters
This filing indicates FMC Corporation has entered into a new financial obligation, which could impact its debt structure and financial flexibility.
Risk Assessment
Risk Level: medium — Entering into new financial obligations can introduce financial risk depending on the terms and the company's overall debt management strategy.
Key Players & Entities
- FMC Corporation (company) — Registrant
- February 11, 2025 (date) — Date of Report
FAQ
What type of material definitive agreement did FMC Corporation enter into?
FMC Corporation entered into a credit agreement.
What is the date of the earliest event reported in this filing?
The date of the earliest event reported is February 11, 2025.
What is the SEC file number for FMC Corporation?
The SEC file number for FMC Corporation is 001-02376.
In which state is FMC Corporation incorporated?
FMC Corporation is incorporated in Delaware (DE).
What is the primary business address of FMC Corporation?
The primary business address of FMC Corporation is 2929 Walnut Street, Philadelphia, PA 19104.
Filing Stats: 644 words · 3 min read · ~2 pages · Grade level 10.8 · Accepted 2025-02-11 16:48:57
Key Financial Figures
- $0.10 — ich registered Common Stock, par value $0.10 per share FMC New York Stock Exchange
- $2.0 billion — edit Agreement "), which provides for a $2.0 billion revolving credit facility. The Amendmen
Filing Documents
- fmc-20250211.htm (8-K) — 29KB
- amendmentno4tofifthamended.htm (EX-10.1) — 74KB
- 0000037785-25-000015.txt ( ) — 233KB
- fmc-20250211.xsd (EX-101.SCH) — 2KB
- fmc-20250211_lab.xml (EX-101.LAB) — 21KB
- fmc-20250211_pre.xml (EX-101.PRE) — 12KB
- fmc-20250211_htm.xml (XML) — 3KB
01. Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material Definitive Agreement. On February 11, 2025, FMC Corporation (the " Company ") entered into Amendment No. 4 (the " Amendment ") to that certain Fifth Amended and Restated Credit Agreement, dated as of June 17, 2022, among the Company, as U.S. Borrower, certain foreign subsidiaries of the Company party thereto, as Euro Borrowers, the lenders party thereto (the " Lenders ") and issuing banks party thereto and Citibank, N.A., as administrative agent (as previously amended, the " Credit Agreement "), which provides for a $2.0 billion revolving credit facility. The Amendment extends the termination date of the revolving credit facility from June 17, 2027 to June 17, 2028. The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the Amendment, which is filed as Exhibit 10.1 to this Current Report on Form 8-K. Some of the Lenders and their affiliates have various relationships with the Company involving the provision of financial services, including cash management, investment banking and trust and leasing services. In addition, the Company has entered into interest rate and foreign exchange arrangements with some of the Lenders and their affiliates. It em 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information set forth in Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.03.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. 10.1 Amendment No. 4, dated as of February 11, 2025, to Fifth Amended and Restated Credit Agreement, dated as of June 17, 2022, among FMC Corporation, certain foreign subsidiaries of FMC Corporation party thereto, the lenders and issuing banks party thereto, and Citibank, N.A., as Administrative Agent for such lenders. 104 Cover Page Interactive Data File (formatted as Inline XBRL).
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. FMC CORPORATION (Registrant) By: /s/ ANDREW D. SANDIFER Andrew D. Sandifer Executive Vice President and Chief Financial Officer Date: February 11, 2025