Basel, Switzerland (April 18, 2018) - Syngenta announced the successful pricing of USD-denominated 144A/RegS senior unsecured notes. This issue comprises various maturities up to 30 years representing a total issuance amount of $4.75 billion.
Syngenta Chief Financial Officer Mark Patrick said, "The majority of net proceeds from the issue will be used to refinance existing bridge financing for ChemChina’s acquisition of Syngenta. Any remaining proceeds will be used for general corporate purposes.”
“The response from the market has been very positive. It is clear recognition of Syngenta’s continuing potential for strong cash flow generation,” Patrick said.
Syngenta is a leading agriculture company helping to improve global food security by enabling millions of farmers to make better use of available resources. Through world class science and innovative crop solutions, our 28,000 people in over 90 countries are working to transform how crops are grown. We are committed to rescuing land from degradation, enhancing biodiversity and revitalizing rural communities. To learn more visit www.syngenta.com and www.goodgrowthplan.com. Follow us on Twitter® at www.twitter.com/Syngenta.