February 25, 2010

 

ADM increases tender cap to US$500 million

 

 

Archer Daniels Midland Company has increased the maximum aggregate principal amount of the following debentures subject to its previously announced cash tender offers from US$400 million to US$500 million.

 

All other terms and conditions of the offers remain unchanged.

 

As of 5:00 pm, New York City time, February 22, 2010, the early tender time, the following amounts of Debentures have been validly tendered and not validly withdrawn in connection with the cash tender offers, as reported by the depositary. These Debentures, if accepted, will be eligible for the early tender payment of US$30.00 per US$1,000.00 principal amount of Debentures.

 

Debentures tendered prior to the early tender time can no longer be withdrawn. The terms and conditions of the tender offers are described in detail in the Offer to Purchase dated February 11, 2010, and the related Letter of Transmittal, as amended here.

 

The aggregate principal amounts of Debentures accepted will depend upon the acceptance priority level of each series, as indicated above, and the proration mechanics described in the Offer to Purchase. Any tendered Debentures not accepted will be promptly returned to the tendering parties.

 

ADM's obligations to accept any Debentures tendered and to pay the applicable consideration for them are set forth solely in the Offer to Purchase and the related Letter of Transmittal. This is not an offer to purchase or a solicitation of acceptance of the tender offers. Subject to applicable law, ADM may amend, extend or, subject to certain conditions, terminate the tender offers.

 

Archer Daniels Midland Company turns crops into renewable products at more than 230 processing plants worldwide. Corn, oilseeds, wheat and cocoa are converted into products for food, animal feed, chemical and energy uses.
 

Title of

Acceptance Priority Level

Principal Amount Tendered

Percent of Outstanding Principal Amount Tendered to Date

Series

(CUSIP No.)

6.45% Debentures due January 2038

1

$284,472,000

56.89%

(CUSIP No. 039483AX0)

7% Debentures due February 2031

2

$152,787,000

38.20%

(CUSIP No. 039483AS1)

7.5% Debentures due March 2027

3

$116,099,000

33.85%

(CUSIP No. 039483AM4)

6.625% Debentures due May 2029

4

$83,262,000

27.99%

(CUSIP No. 039483AR3)

6.75% Debentures due December 2027

5

$39,726,000

19.86%

(CUSIP No. 039483AN2)

8.375% Debentures due April 2017

6

$90,033,000

30.49%

(CUSIP No. 039483AH5)

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