Bulletin: FMC Corp. Ratings Not Immediately Affected By Announced Transaction With Tessenderlo Group

This report does not constitute a rating action. NEW YORK (S&P Global Ratings) July 1, 2026--S&P Global Ratings today said FMC Corp.'s (BB+/Negative/B) recent press release indicating it has entered into a definitive agreement to sell a minority interest in the company to Tessenderlo Group is the latest step in its efforts to pay down debt and improve credit quality. Our ratings on FMC are unchanged. Tessenderlo is a Belgium-headquartered industrial company focused on agriculture, valorising bio-residuals, machinery, and water-focused industrial solutions. We expect the transaction to close in either the late third quarter or early fourth quarter of this year. After the transaction closes, Tessenderlo will own approximately 20% of FMC?s outstanding common stock. The closing is subject to

...July 1, 2026 This report does not constitute a rating action. NEW YORK (S&P Global Ratings) July 1, 2026--S&P Global Ratings today said FMC Corp.'s (##+/Negative/B) recent press release indicating it has entered into a definitive agreement to sell a minority interest in the company to Tessenderlo Group is the latest step in its efforts to pay down debt and improve credit quality. Our ratings on FMC are unchanged. Tessenderlo is a Belgium-headquartered industrial company focused on agriculture, valorising bio-residuals, machinery, and water-focused industrial solutions. We expect the transaction to close in either the late third quarter or early fourth quarter of this year. After the transaction closes, Tessenderlo will own approximately 20% of FMC's outstanding common stock. The closing is subject to customary conditions including the receipt of regulatory approvals. In February 2026, FMC's board of directors indicated it was exploring strategic options. This transaction concludes that...

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