DULUTH, Ga.--(BUSINESS WIRE)--June 30, 2005--AGCO Corporation (NYSE:AG), a global manufacturer and distributor of agricultural equipment, announced today that it has completed its previously announced offer to exchange up to $201,250,000 aggregate principal amount of its outstanding 1 3/4% Convertible Senior Subordinated Notes due 2033 (CUSIP Nos. 001084AJ1 and US001084AH57) (the "Old Notes") for an equivalent principal amount of its 1 3/4% Convertible Senior Subordinated Notes, Series B, due 2033 (the "New Notes"). The exchange offer expired at midnight, New York City time, on June 29, 2005.
As of the expiration of the exchange offer, $201,230,000 aggregate principal amount of Old Notes had been tendered in exchange for an equal principal amount of New Notes. All Old Notes that were properly tendered have been accepted for exchange.
A registration statement relating to these securities was filed with the Securities and Exchange Commission ("SEC") and has been declared effective. The registration statement may be obtained free of charge at the SEC's website at http://www.sec.gov. A copy of the written prospectus and other materials relating to the exchange offer may also be obtained for free from the information agent, Morrow & Co., Inc., 445 Park Avenue, New York, New York 10022, Phone: 1-800-654-2468, or from the dealer manager, Morgan Stanley, 1585 Broadway, New York, New York 10036, Attention: Arthur Rubin, Phone: 1-800-624-1808.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sales of these securities in any State in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
AGCO Corporation, headquartered in Duluth, Georgia, is a global manufacturer and distributor of agricultural equipment and related replacement parts. AGCO products are distributed in more than 140 countries. AGCO offers a full product line including tractors, combines, hay tools, sprayers, forage, tillage equipment and implements through more than 3,900 independent dealers and distributors around the world. AGCO products are distributed under the various well-known brand names AGCO(R), Challenger(R), Fendt(R), Gleaner(R), Hesston(R), Massey Ferguson(R), New Idea(R), RoGator(R), Spra-Coupe(R), Sunflower(R), TerraGator(R), Valtra(R), and White(TM) Planters. AGCO provides retail financing through AGCO Finance in North America and through Agricredit in Australia, the United Kingdom, France, Germany, Ireland, and Brazil. In 2004, AGCO had net sales of $5.3 billion.
CONTACT: AGCO Corporation, Duluth
Molly Dye, 770-813-6044
SOURCE: AGCO Corporation