St. Louis, Missouri
August 8, 2005
Monsanto Company (NYSE:MON) announced today the expiration
of the early participation period in connection with its offer
to exchange a new series of Senior Notes due 2025 for up to $400
million of its outstanding $800 million 7 3/8 percent Senior
Notes due 2012, which were issued in 2002.
As of 5:00 p.m., EDT, on Aug. 5,
2005, approximately $307 million aggregate principal amount of
Senior Notes due 2012 had been validly tendered for exchange.
The total exchange price for
the Notes will be calculated at 2:00 p.m., New York City time,
on Aug. 18, 2005, as described in the Offering Memorandum and
related letter of transmittal, unless the exchange offer is
extended. Holders of the Notes who validly tendered by the early
participation date and have not validly withdrawn their tenders
will receive an early participation payment as described in the
Offering Memorandum and letter of transmittal.
The exchange offer is limited
to holders of the 7 3/8 Senior Notes that have certified certain
matters to Monsanto, including their status as "qualified
institutional buyers" within the meaning of Rule 144A under the
Securities Act of 1933. The exchange offer is scheduled to
expire at 5:00 p.m. Eastern Time on Aug. 22, 2005, unless
extended.
The exchange agent for the
exchange offer is Global Bondholder Services Corporation.
Eligible holders may call the exchange agent at 866-470-4200 or
212-430-3774 for more information.
The new Notes will not be
registered under the Securities Act or any state securities
laws. Therefore, the new Notes may not be offered or sold in the
United States absent registration or an applicable exemption
from the registration requirements of the Securities Act and any
applicable state securities laws.
This press release is not an
offer to sell or a solicitation of an offer to buy any security.
The offer to exchange is being made solely by the Offering
Memorandum and related letter of transmittal.
Monsanto Company is a
leading global provider of technology-based solutions and
agricultural products that improve farm productivity and food
quality. |