FMC Corp., a diversified chemical company, said Friday it executed a new $1.5 billion unsecured credit agreement with a group of lenders.
The agreement, which includes the option to increase the amount available to $2.25 billion, has a five-year term with the option to extend the maturity for up to two years.
The credit facility replaces two existing unsecured credit agreements worth $915 million that were scheduled to mature Aug. 28.
In afternoon trading, FMC shares added 1 cent to $77.74.