Bunge Global SA announced today that its wholly owned finance subsidiary, Bunge Limited Finance Corp., has successfully priced a public offering of $2.0 billion in senior unsecured notes, divided into three tranches:
- $400 million of 4.100% Senior Notes due 2028
- $800 million of 4.200% Senior Notes due 2029
- $800 million of 4.650% Senior Notes due 2034
These Senior Notes will be fully and unconditionally guaranteed by Bunge Global SA on a senior unsecured basis. The offering was made pursuant to a registration statement filed with the U.S. Securities and Exchange Commission, with the expected closing date of September 17, 2024, subject to customary closing conditions.
Bunge intends to use the net proceeds from this offering to finance part of the cash consideration for its proposed acquisition of Viterra Limited (the “Business Combination”). The funds will also be used to repay a portion of Viterra’s debt, which Bunge will assume as part of the acquisition, and to cover related fees and expenses. Any remaining funds will go toward general corporate purposes.
Each series of Senior Notes is subject to a special mandatory redemption at 101% of the aggregate principal amount, plus accrued and unpaid interest, if the Business Combination is not completed by a specified date.
SMBC Nikko Securities America, Inc., BNP Paribas Securities Corp., BofA Securities, Inc., J.P. Morgan Securities LLC, and others are acting as joint book-running managers for the Senior Notes offering, while additional firms are serving as senior co-managers and co-managers.
This press release does not constitute an offer to sell or a solicitation to buy these Senior Notes in any jurisdiction where such an offer or sale would be illegal prior to registration or qualification under applicable securities laws.
About Bunge
At Bunge (NYSE: BG), our purpose is to connect farmers to consumers to deliver essential food, feed and fuel to the world. With more than two centuries of experience, unmatched global scale and deeply rooted relationships, we work to strengthen global food security, increase sustainability where we operate, and help communities prosper. As a world leader in oilseed processing and a leading producer and supplier of specialty plant-based oils and fats, we value our partnerships with farmers to bring quality products from where they’re grown to where they’re consumed. At the same time, we collaborate with our customers to develop tailored and innovative solutions to meet evolving dietary needs and trends in every part of the world. Our Company has its registered office in Geneva, Switzerland and its corporate headquarters in St. Louis, Missouri. We have approximately 23,000 dedicated employees working across approximately 300 facilities located in more than 40 countries.
