Archer-Daniels-Midland in deal pipeline with notes offering

By Cristal Cody

Eureka Springs, Ark., Aug. 8 – Archer-Daniels-Midland Co. plans to price an offering of notes, according to a 424B2 filing with the Securities and Exchange Commission on Monday.

BNP Paribas Securities Corp., HSBC Securities (USA) Inc., Deutsche Bank Securities Inc. and MUFG are the bookrunners.

Proceeds will be used for general corporate purposes, including to repay a portion of outstanding commercial paper debt.

The Chicago-based company processes agricultural commodities and manufactures food and feed ingredients.

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