AGCO Files Resale Registration in Connection with Previously Issued 1-3/4% Convertible Senior Subordinated Notes
DULUTH, Ga., March 12 /PRNewswire-FirstCall/ -- AGCO Corporation (NYSE: AG), a worldwide designer, manufacturer and distributor of agricultural equipment, announced today that in connection with its December 2003 private offering of 1-3/4% Convertible Notes due 2033, it has filed a Registration Statement on Form S-3 with the Securities and Exchange Commission. The Registration Statement was filed in satisfaction of certain registration rights granted to the noteholders.
When declared effective by the SEC, the Registration Statement will be available for use by the noteholders to resell the previously issued $201,250,000 principal amount of 1 3/4% Convertible Notes and the common shares that can be issued upon conversion of the notes. AGCO will not receive any proceeds from any resale of the convertible notes by the selling noteholders or the common stock that may be issued upon conversion of the notes.
The Registration Statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers be accepted prior to the time the Registration Statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such State. A final written prospectus meeting the requirements of Section 10 of the Securities Act of 1933 relating to these securities may be obtained by calling AGCO Corporation, Investor Relations at 770-813-6111.
AGCO Corporation, headquartered in Duluth, Georgia, is a global designer, manufacturer and distributor of agricultural equipment and related replacement parts. AGCO products are distributed in over 140 countries. AGCO offers a full product line including tractors, combines, hay tools, sprayers, forage, tillage equipment and implements through more than 8,600 independent dealers and distributors around the world. AGCO products are distributed under the brand names AGCO(R), Agco Allis(R), AgcoStar(R), Challenger(R), Farmhand(R), Fendt(R), Fieldstar(R), Gleaner(R), Glencoe(R), Hesston(R), LOR*AL(R), Massey Ferguson(R), New Idea(R), RoGator(R), SisuDiesel(TM), Soilteq(TM), Spra-Coupe(R), Sunflower(R), TerraGator(R), Tye(R), Valtra(R), White(TM), and Willmar(R). AGCO provides retail financing through AGCO Finance in North America and through Agricredit in the United Kingdom, France, Germany, Ireland, and Brazil. In 2003, AGCO had net sales of $3.5 billion.
Please visit our website at www.agcocorp.com .
SOURCE AGCO Corporation
