Financing ·
FMC amends credit agreement to use India sale proceeds for debt repayment
FMCFmc Corp
FMC Corporation entered into Amendment No. 8 to its Fifth Amended and Restated Credit Agreement, requiring the company to apply net cash proceeds from the previously announced sale of its commercial business in India toward repaying debt under the facility or for general corporate purposes. The amendment also conditionally releases certain guarantors and assets from security interests to facilitate actions ahead of the transaction. FMC Corporation operates in the agriculture industry, developing crop protection products.