Agribusiness giant, ADM, closed a $1.5bn notes offering last week, comprising an $0.5 bn aggregate principal amount of 2.75% notes due in 2025 and an $1bn aggregate principal amount of 3.25% notes due in 2030.
The companies have also been highlighting their role in maintaining the feed and food supply chain during the pandemic, and the steps being taken to prevent the COVID-19 coronavirus from entering their facilities.
The National Grain and Feed Association (NGFA) in the US is working to establish an electronic method to account for grain trading and movement by barge to reduce industry costs and streamline current practices.
Archer Daniels Midland Company’s animal nutrition business is focusing on the integration of Neovia, developing alternative ingredients and supporting the feed industry’s move away from antibiotic use.
ADM Animal Nutrition is focusing on developing feed ingredients and nutritional products for aquaculture, along with the broader animal nutrition industry, and customer collaboration at the new site in Decatur, Illinois.
Work to build a new feed technology center at the University of Illinois is seeing in-state support from Illinois-based ADM and AGCO, which provided $2.5m in funding and 200,000 bushels of grain storage, respectively.