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FMC (NYSE: FMC) prices $1.2B 8.000% senior secured notes due 2031

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

FMC Corporation has priced an offering of $1.2 billion aggregate principal amount of 8.000% senior secured notes due 2031 at an issue price of 100% of principal. The notes will be sold in a private offering under Rule 144A and Regulation S and are expected to close on June 5, 2026, subject to customary conditions.

FMC intends to use the net proceeds to fund the repurchase or redemption of its outstanding 3.200% Senior Notes due October 1, 2026, repay borrowings under its Fifth Amended and Restated Credit Agreement, and for general corporate purposes, including repayment of other debt. The notes will be fully and unconditionally guaranteed by various subsidiaries and secured by first-priority liens on substantially all specified assets and certain equity interests.

Positive

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Insights

FMC refinances near-term debt with new $1.2B 8% secured notes.

FMC is issuing $1.2 billion of 8.000% senior secured notes due 2031 to refinance its capital structure. Proceeds are earmarked to retire 3.200% notes due October 1, 2026, repay borrowings under its credit agreement, and address other debt.

The new notes are fully and unconditionally guaranteed by subsidiaries and secured by first-priority liens on substantial U.S., Canadian and Swiss assets and certain equity interests. This structure provides strong collateral protection for noteholders while extending FMC’s debt maturity profile; actual balance sheet impact will depend on execution of the planned redemptions and repayments.

Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
New notes issuance $1.2 billion aggregate principal 8.000% senior secured notes due 2031
Coupon rate 8.000% Senior secured notes due 2031
Issue price 100% of principal amount Pricing of 8.000% senior secured notes
Existing notes coupon 3.200% Senior Notes due October 1, 2026 targeted for repurchase or redemption
Maturity of existing notes October 1, 2026 3.200% Senior Notes to be repurchased or redeemed
Expected closing date June 5, 2026 Settlement of 8.000% senior secured notes offering
senior secured notes financial
"pricing of its previously announced offering of $1.2 billion aggregate principal amount of its 8.000% Senior Secured Notes due 2031"
Senior secured notes are loans a company sells to investors that are backed by specific assets and given first priority for repayment if the company defaults. Because they have a claim on collateral and are paid before other debts, they usually offer lower risk and correspondingly lower interest than unsecured debt; investors use them to judge how safe repayment and recovery of principal might be, like holding a mortgage instead of an unsecured credit card balance.
Rule 144A regulatory
"sold in a private offering to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act"
Rule 144A is a regulation that makes it easier for companies to sell private bonds to large investors without going through all the usual rules that apply to public sales. It matters because it helps companies raise money more quickly and privately, often attracting big investors looking for special deals.
Regulation S regulatory
"and to non-U.S. persons outside of the United States pursuant to Regulation S under the Securities Act"
Regulation S is a set of rules that allows companies to sell securities (like shares or bonds) to investors outside the United States without having to follow all U.S. securities laws. It matters because it makes it easier for companies to raise money from international investors while still complying with U.S. regulations.
first-priority liens financial
"secured by first-priority liens on (i) substantially all of the assets of the Company and the Subsidiary Guarantors"
A first-priority lien is a legal claim that gives a lender or creditor the first right to specific assets if a borrower cannot pay, meaning they are first in line to be repaid from those assets. For investors, that higher claim lowers the lender’s risk and usually affects interest rates and recovery expectations—similar to having the front seat in a queue to get paid back if the borrower defaults.
forward-looking statements regulatory
"make written or oral statements that are “forward-looking” and provide information other than historical information"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
FMC CORP false 0000037785 0000037785 2026-05-21 2026-05-21
 
 

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): May 21, 2026

 

 

FMC CORPORATION

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   1-2376   94-0479804

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

2929 Walnut Street

Philadelphia, Pennsylvania

  19104
(Address of principal executive offices)   (Zip Code)

Registrant’s telephone number, including area code: 215-299-6000

 

(Former Name or Former Address, if Changed Since Last Report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations 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 each class

 

Trading

Symbol(s)

 

Name of each exchange

on which registered

Common Stock, par value $0.10 per share   FMC   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 8.01

Other Events.

On May 21, 2026, FMC issued a press release announcing the pricing of its previously announced offering of $1.2 billion aggregate principal amount of its 8.000%% Senior Secured Notes due 2031. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Statement under the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995:

FMC and its representatives may from time to time make written or oral statements that are “forward-looking” and provide information other than historical information, including statements contained in this Current Report, in FMC’s other filings with the SEC, and in presentations, reports or letters to FMC stockholders.

In some cases, FMC has identified these forward-looking statements by such words or phrases as “outlook,” “will likely result,” “is confident that,” “expect,” “expects,” “should,” “could,” “may,” “will continue to,” “believe,” “believes,” “anticipates,” “predicts,” “forecasts,” “estimates,” “projects,” “potential,” “intends” or similar expressions identifying “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including the negative of those words or phrases. Such forward-looking statements are based on our current views and assumptions regarding future events, future business conditions and the outlook for the company based on currently available information. The forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any results, levels of activity, performance or achievements expressed or implied by any forward-looking statement. These statements are qualified by reference to the risk factors included in Part I, Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2025 (the “2025 Form 10-K”), the section captioned “Forward-Looking Information” in Part II of the 2025 Form 10-K and to similar risk factors and cautionary statements in all other reports and forms filed with the SEC. We wish to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Forward-looking statements are qualified in their entirety by the above cautionary statement.

 

Item 9.01

Financial Statement and Exhibits

(d) Exhibits:

 

Exhibit
No.

  

Description

99.1    Press release entitled “FMC Corporation Announces Pricing of $1.2 Billion of Senior Secured Notes,” dated May 21, 2026.
104    Cover Page Interactive Data File (embedded within the Inline XBRL document).


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 hereunto duly authorized.

 

FMC CORPORATION

(Registrant)

By:  

/s/ Andrew D. Sandifer

  Andrew D. Sandifer
  Executive Vice President and Chief Financial Officer

Date: May 21, 2026

Exhibit 99.1

FMC Corporation Announces Pricing of $1.2 Billion of Senior Secured Notes

PHILADELPHIA, May 21, 2026 – FMC Corporation (NYSE: FMC) (“FMC” or the “Company”), a leading global agricultural sciences company, today announced that it has priced an offering of $1.2 billion aggregate principal amount of 8.000% senior secured notes due 2031 (the “Notes”) at an issue price equal to 100% of the principal amount thereof. The Notes will be sold in a private offering to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to non-U.S. persons outside of the United States pursuant to Regulation S under the Securities Act. The offering is expected to close on June 5, 2026, subject to customary closing conditions.

The Company intends to use the net proceeds from the offering to fund the repurchase or redemption of the Company’s outstanding 3.200% Senior Notes due October 1, 2026, to repay outstanding borrowings under the Company’s Fifth Amended and Restated Credit Agreement, dated as of June 17, 2022, and for general corporate purposes, including the repayment of other debt.

The Notes will be fully and unconditionally guaranteed, jointly and severally, by various subsidiaries of the Company organized under the laws of the United States, Switzerland, the Netherlands, Canada and Singapore (the “Subsidiary Guarantors”). The Notes and related note guarantees will be secured by first-priority liens on (i) substantially all of the assets of the Company and the Subsidiary Guarantors organized under the laws of the United States, Canada and Switzerland, other than certain excluded property and (ii) all the equity interests held by the Subsidiary Guarantors organized under the laws of Singapore and the Netherlands in their respective subsidiaries.

Neither the Notes nor the guarantees have been registered under the Securities Act or the securities laws of any other jurisdiction, and the Notes and the guarantees may not be offered or sold in the United States absent registration or an applicable exemption from registration under the Securities Act and any applicable state securities laws.

This press release shall not constitute an offer to sell, or a solicitation of an offer to buy the Notes or guarantees, nor shall there be any sale of the Notes or guarantees in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About FMC

FMC Corporation is a global agricultural sciences company dedicated to helping growers produce food, feed, fiber and fuel for an expanding world population while adapting to a changing environment. FMC’s innovative crop protection solutions – including biologicals, crop nutrition, digital and precision agriculture – enable growers and crop advisers to address their toughest challenges economically while protecting the environment. FMC is committed to discovering new herbicide, insecticide and fungicide active ingredients, product formulations and pioneering technologies that are consistently better for the planet. Visit fmc.com to learn more and follow us on LinkedIn®.

Statement under the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995:

FMC and its representatives may from time to time make written or oral statements that are “forward-looking” and provide information other than historical information, including statements contained in this press release, in FMC’s other filings with the Securities and Exchange Commission (“SEC”), and in presentations, reports or letters to FMC stockholders.

In some cases, FMC has identified these forward-looking statements by such words or phrases as “outlook,” “will likely result,” “is confident that,” “expect,” “expects,” “should,” “could,” “may,” “will continue to,” “believe,” “believes,” “anticipates,” “predicts,” “forecasts,” “estimates,” “projects,” “potential,” “intends” or similar expressions identifying “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including the negative of those words or phrases. Such forward-looking statements are based on our current views and assumptions regarding future events, future business conditions and the outlook for the company based on currently available information. The forward-looking statements involve known and unknown risks,


uncertainties and other factors that may cause actual results to be materially different from any results, levels of activity, performance or achievements expressed or implied by any forward-looking statement. These statements are qualified by reference to the risk factors included in Part I, Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2025 (the “2025 Form 10-K”), the section captioned “Forward-Looking Information” in Part II of the 2025 Form 10-K and to similar risk factors and cautionary statements in all other reports and forms filed with the SEC. We wish to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Forward-looking statements are qualified in their entirety by the above cautionary statement.

We specifically decline to undertake any obligation, and specifically disclaim any duty, to publicly update or revise any forward-looking statements that have been made to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events, except as may be required by law.

Contacts:

Investors:

Curt Brooks

Director of Investor Relations

+1.215.299.6137

curt.brooks@fmc.com

Media:

Nicole Canning

Corporate Communications

+1.215-299-5916

Nicole.canning@fmc.com

FAQ

What type of debt is FMC (FMC) issuing in this 8-K?

FMC is issuing $1.2 billion of 8.000% senior secured notes due 2031. The notes are sold privately under Rule 144A and Regulation S and are secured by first-priority liens on substantial company and subsidiary assets.

How will FMC (FMC) use the $1.2 billion notes proceeds?

FMC plans to use net proceeds to repurchase or redeem its 3.200% Senior Notes due October 1, 2026, repay borrowings under its Fifth Amended and Restated Credit Agreement, and for general corporate purposes, including repayment of other debt obligations.

When is the FMC (FMC) senior secured notes offering expected to close?

The offering is expected to close on June 5, 2026, subject to customary closing conditions. Settlement will complete the issuance of the 8.000% senior secured notes due 2031 to eligible institutional and non-U.S. investors.

Who guarantees FMC’s new 8.000% senior secured notes?

The notes will be fully and unconditionally guaranteed, jointly and severally, by various FMC subsidiaries. These guarantors are organized under the laws of the United States, Switzerland, the Netherlands, Canada and Singapore, strengthening structural support for investors.

What assets secure FMC’s new senior secured notes due 2031?

The notes and guarantees are secured by first-priority liens on substantially all assets of FMC and certain subsidiaries in the U.S., Canada and Switzerland, excluding specified property, plus equity interests held by Singapore and Netherlands subsidiaries in their respective subsidiaries.

Are FMC’s new senior secured notes registered with the SEC?

Neither the notes nor the guarantees are registered under the Securities Act or other securities laws. They may not be offered or sold in the United States without registration or an applicable exemption under federal and state securities laws.

Filing Exhibits & Attachments

4 documents