SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
December 8, 1997
IMC GLOBAL INC.
(Exact name of registrant as specified in charter)
Delaware 1-9759 36-3492467
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
2100 Sanders Road, Northbrook, IL 60062
(Address of principal executive offices)
(Zip Code)
Registrant's telephone number, including area code(847) 272-9200
Item 5. Other Events
The following is the text of a press release relating to the filing of
a Shelf Registration Statement.
NORTHBROOK, IL, December 8, 1997 -- IMC Global Inc. (NYSE: IGL)
announced today that it has filed a Registration Statement with the
Securities and Exchange Commission to register up to $350 million of
securities. The Shelf Registration Statement, together with a Shelf
Registration Statement filed in May of this year, would permit the
Company to offer and sell from time to time, up to an aggregate of $500
million, debt securities, debt warrants, preferred stock, common stock,
stock warrants and currency warrants.
Unless otherwise specified, the net proceeds of any sale of a
securities will be used for general corporate purposes, including
working capital, the repayment or refinancing of indebtedness, future
acquisitions and/or capital expenditures.
"This Registration Statement, when effective, will increase
our financial flexibility," said Robert E. Fowler, Jr., president and
chief executive officer of IMC Global. "It also will allow us to
utilize the public markets to achieve our goal of minimizing the
Company's cost of capital."
The Shelf Registration Statement relating to these securities
has not yet become effective. This news release shall not constitute
an offer to sell or the solicitation of an offer to buy, nor shall
there be any sale of these securities in any state in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state. Any offers
or sales of the securities will only be made pursuant to a prospectus
and an accompanying prospectus supplement.
IMC Global is one of the world's leading producers and
marketers of phosphate and potash crop nutrients and animal feed
ingredients, with calendar 1996 revenues and EBITDA of nearly $3
billion and $461 million, respectively. The Company also produces and
markets food-quality salt, and is one of the nation's leading
distributors of crop nutrients, including nitrogen, and related
products through its FARMARKET and Rainbow distribution networks.
Additionally, it sells potash and other products to industrial users,
produces sulphur and oil through joint venture operations, and markets
lawn and garden products under its IMC Vigoro brand name.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
IMC GLOBAL INC.
By MARSCHALL I. SMITH
Marschall I. Smith
Senior Vice President,
Assistant Secretary
and General Counsel
December 9, 1997
