FMC Corp. $2 Billion Senior Unsecured Term Loan Rated 'A-'

BOSTON (Standard&Poor's) Oct. 16, 2014--Standard&Poor's Ratings Services today assigned its 'A-' issue rating to FMC Corp.'s $2 billion senior unsecured term loan facility. At the same time, we placed the rating on CreditWatch with negative implications. We expect FMC to draw under the term loan facility to fund its previously announced $1.8 billion acquisition of Cheminova A/S along with associated fees and expenses. The existing ratings on FMC, including the 'A-' long-term corporate credit rating, are unchanged. Our corporate credit and senior unsecured debt ratings on FMC remain on CreditWatch, where we placed them with negative implications on Sept. 14. 2014. The CreditWatch listing indicates that we could lower the ratings modestly once the acquisition closes.

...BOSTON (Standard & Poor's) Oct. 16, 2014--Standard & Poor's Ratings Services today assigned its 'A-' issue rating to FMC Corp.'s $2 billion senior unsecured term loan facility. At the same time, we placed the rating on CreditWatch with negative implications. We expect FMC to draw under the term loan facility to fund its previously announced $1.8 billion acquisition of Cheminova A/S along with associated fees and expenses. The existing ratings on FMC, including the 'A-' long-term corporate credit rating, are unchanged. Our corporate credit and senior unsecured debt ratings on FMC remain on CreditWatch, where we placed them with negative implications on Sept. 14. 2014. The CreditWatch listing indicates that we could lower the ratings modestly once the acquisition closes. Our 'A-2' short-term corporate credit rating on the company and 'A-2' commercial paper rating remain unchanged. Standard & Poor's ratings on FMC reflect our assessment of the company's "strong" business risk profile, based...

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