AGCO calls senior notes at 4.75% premium

By Jennifer Chiou

New York, May 24 - AGCO Corp. said Tuesday it will redeem its $250 million of 9½% senior notes due 2008 on June 23 at a 4.75% premium over the face amount.

The company will pay $261.9 million to redeem the notes. The premium of $11.9 million, or $0.12 per share, will be reflected in AGCO's net interest expense in the second quarter of 2005.

AGCO, a manufacturer and distributor of agricultural equipment, is based in Duluth, Ga.

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