ITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
Term Loan Agreement Amendment
OnJune 27, 2022 ,FMC Corporation (the "Company") entered into Amendment No. 1 (the "Term Loan Amendment") to that certain Term Loan Agreement, dated as ofNovember 22, 2021 , among the Company,Citibank, N.A ., as administrative agent, each lender from time to time party thereto, (the "Lenders") and the other parties thereto (as amended, the "Term Loan Agreement"). Among other things, the Term Loan Amendment amends the maximum permitted indebtedness secured by liens pursuant to receivables transactions in the Term Loan Agreement. Loans under the Term Loan Agreement will bear interest at a floating rate, which will be (i) a base rate or (ii) Adjusted Term SOFR (defined as the forward-looking SOFR term rate published byCME Group Benchmark Administration Limited plus 0.10% per annum subject to a floor of zero), plus, in each case, an applicable margin, as determined in accordance with the provisions of the Term Loan Agreement. The base rate will be the highest of: (i) the rate of interest announced publicly byCitibank, N.A . inNew York, New York from time to time as its "base rate"; (ii) the federal funds rate plus 1/2 of 1.00%; or (iii) Adjusted Term SOFR for a one-month tenor plus 1.00%.
The foregoing description of the Term Loan Amendment does not purport to be complete and is qualified in its entirety by reference to the Term Loan Amendment, which is filed as Exhibit 10.1 to this Current Report on Form 8-K.
Some of the Lenders and their affiliates have various relationships with the Company involving the provision of financial services, including cash management, investment banking and trust and leasing services. In addition, the Company has entered into interest rate, foreign exchange and energy derivative arrangements with some of the Lenders and their affiliates.
ITEM 2.03. CREATION OF A DIRECT FINANCIAL OBLIGATION OF A REGISTRANT
The information set forth in Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.03.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS
(d) Exhibits Exhibit Number Description 10.1 Amendment No. 1, dated as ofJune 27, 2022 , to the Term Loan Agreement, dated as ofNovember 22, 2021 , amongFMC Corporation , the lenders party thereto, andCitibank, N.A ., as administrative agent for such lenders.
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