Monsanto announces $1B debt issue

|About: Monsanto Company (MON)|By:, SA News Editor

Monsanto (MON+2.2% premarket after announcing a $1B public debt offering, with $400M in three-year bonds, $300M in five-year bonds and $300M in 30-year bonds.

MON intends to use the net proceeds, together with available cash, to repay debt issued to finance the acquisition of The Climate Corp. and for other general corporate purposes.

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