ADM Announces Final Results of Private Exchange Offers

Archer Daniels Midland Company (NYSE: ADM) announced today the results
as of 11:59 p.m., New York City time, on October 12, 2012 (the
'Expiration Date?) of its private offers to exchange its outstanding
debentures listed below (collectively, the 'Old Debentures?) for its
4.016% Debentures due 2043 (the 'New Debentures?) and cash (the
'Exchange Offers?), in accordance with ADM′s confidential offering
memorandum dated September 14, 2012, as amended by the press release
issued by ADM on September 28, 2012 (the 'Offering Memorandum?) and the
related letter of transmittal.
According to information provided by D.F. King & Co., Inc., the exchange
agent for the Exchange Offers, $567,883,000 in aggregate principal
amount of the Old Debentures were validly tendered and not validly
withdrawn in the Exchange Offers (the 'Tendered Debentures?). The table
below indicates the principal amount of each series of Old Debentures
outstanding at the commencement of the Exchange Offers and the principal
amount of each series of Old Debentures validly tendered and not validly
withdrawn as of the Expiration Date.
| CUSIP No. | ? | ? | Title of Series | ? | ? | Principal Amount | ? | ? | Principal Amount |
039483AP7 | ? | ? | 6.95% Debentures due 2097 | ? | ? | $175,603,000 | ? | ? | $3,500,000 |
039483BC5 | 5.765% Debentures due 2041 | $1,000,000,000 | $404,204,000 | ||||||
039483AS1 | 7.00% Debentures due 2031 | $193,654,000 | $9,074,000 | ||||||
039483AX0 | 6.45% Debentures due 2038 | $157,827,000 | $4,144,000 | ||||||
039483AT9 | 5.935% Debentures due 2032 | $500,000,000 | $79,792,000 | ||||||
039483AR3 | 6.625% Debentures due 2029 | $197,104,000 | $14,891,000 | ||||||
039483AM4 | 7.50% Debentures due 2027 | $221,791,000 | $35,123,000 | ||||||
039483AN2 | 6.75% Debentures due 2027 | $140,735,000 | 17,155,000 | ||||||
? |
The aggregate principal amount of the Tendered Debentures was in excess
of $540,000,000, the maximum amount of Old Debentures to be accepted for
exchange pursuant to the Offering Memorandum. Instead of accepting the
Tendered Debentures on a prorated basis, ADM has accepted additional
Tendered Debentures for exchange pursuant to ADM′s right under federal
securities laws to accept up to an additional 2% of the outstanding
debentures subject to the Exchange Offers without extending the Exchange
Offers. Accordingly, all of the Tendered Debentures have been accepted
for exchange. The settlement date for the Tendered Debentures is
expected to be October 16, 2012.
The New Debentures have not been registered under the Securities Act of
1933, as amended (the 'Securities Act?) or any state securities laws.
Therefore, the New Debentures may not be offered or sold in the United
States absent registration or an applicable exemption from the
registration requirements of the Securities Act and any applicable state
securities laws. ADM will enter into a registration rights agreement
with respect to the New Debentures.
This press release is not an offer to sell or a solicitation of an offer
to buy any security. The Exchange Offers are being made solely by the
Offering Memorandum and related letter of transmittal and only to such
persons and in such jurisdictions as is permitted under applicable law.
Forward-Looking Information
This press release includes forward-looking statements, within the
meaning of the Private Securities Litigation Reform Act of 1995, that
are subject to risks, uncertainties and other factors, including the
current market demand for these types of securities and the securities
of ADM and the negotiations between ADM and the dealer managers. These
risks, uncertainties and other factors could cause actual results to
differ materially from those referred to in the forward-looking
statements. The reader is cautioned not to rely on these forward-looking
statements. Other risks that could impact the offering are described in
detail in the ADM Annual Report on Form 10-K for the fiscal year ended
June 30, 2012 as filed with the U.S. Securities and Exchange Commission.
All forward-looking statements are based on information currently
available to ADM and ADM assumes no obligation to update any such
forward-looking statements.
Archer Daniels Midland Company
Media Relations
Jackie
Anderson, 217-424-5413
media@adm.com
or
Investor
Relations
Ruth Ann Wisener, 217-451-8286





