Adm refinances debt with $750 million notes issuance

Chicago--(business wire)--adm (nyse: adm) announced today that it has closed on $750 million of 2.700% notes due 2051. proceeds from the issuance will be used to pay the redemption price associated with the full redemption of $500 million of adm's outstanding 2.750% notes due march 27, 2025. any remaining net proceeds will be used for general corporate purposes, which may include, without limitation, repayment of commercial paper borrowings. at the end of june 30, 2021, adm had $0.9 billion of
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