AGCO’s €600 Million Senior Notes Offering

Davis Polk advised the representatives of the several initial purchasers, in connection with the offering.

AGCO International Holdings B.V., a Netherlands-domiciled subsidiary of AGCO Corporation, executed its offering of €600 million aggregate principal amount of its 0.800% senior euro-denominated notes due 2028. 

The notes are expected to trade on the Euronext Dublin’s Global Exchange Market and to be held in a manner which would allow them to be eligible for the corporate sector purchase programme of the European Central Bank, referred to as the CSPP.

BNP Paribas, J.P. Morgan AG, Coöperatieve Rabobank U.A., TD Global Finance unlimited company, HSBC Securities (USA) Inc., MUFG Securities (Europe), PNC Capital Markets, Academy Securities, Inc., Standard Chartered Bank, Truist Securities, Inc. and UniCredit Bank were the initial purchasers on the offering. 

The Davis Polk capital markets team included partner Byron B. Rooney (Picture) and counsel Jennifer Ying Lan. Counsel John Taylor provided European regulatory advice. The tax team included partner Michael Farber and associate Justin Corvino. The environmental team included counsel Loyti Cheng. 

Involved fees earner: Loyti Cheng – Davis Polk & Wardwell; Justin Corvino – Davis Polk & Wardwell; Michael Farber – Davis Polk & Wardwell; Byron Rooney – Davis Polk & Wardwell; John Taylor – Davis Polk & Wardwell; Jennifer Ying Lan – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: Academy Securities; BNP Paribas; Coöperatieve Rabobank; HSBC Securities; JP Morgan; MUFG Securities (Europe) N.V. ; PNC Capital Markets LLC; Standard Chartered Bank; TD Global Finance unlimited company ; Truist Securities Inc. ; UniCredit Bank AG;

Author: Alejandro Girola