Bunge Global SA (NYSE: BG) (“Bunge” or the “Company”) announced that its wholly owned finance subsidiary, Bunge Limited Finance Corp., has successfully priced a $2 billion public offering of senior unsecured notes, distributed across three tranches as follows:
- $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, conducted under a registration statement filed with the U.S. Securities and Exchange Commission, is expected to close on September 17, 2024, pending customary closing conditions.
Bunge plans to use the proceeds to partially fund the cash consideration for its proposed acquisition of Viterra Limited (“Viterra”) and repay a portion of Viterra’s assumed debt, including related fees and expenses. Any remaining proceeds will be used for general corporate purposes.
If the proposed acquisition of Viterra is not completed by a specified date, the Senior Notes will be subject to special mandatory redemption at 101% of the principal amount, plus accrued and unpaid interest.
The joint book-running managers for the offering include SMBC Nikko Securities America, Inc., BNP Paribas Securities Corp., BofA Securities, Inc., J.P. Morgan Securities LLC, Mizuho Securities USA LLC, BMO Capital Markets Corp., and Rabo Securities USA, Inc. Senior co-managers include firms like ANZ Securities, Inc., BBVA Securities Inc., and HSBC Securities (USA) Inc., among others, with additional co-managers such as Cabrera Capital Markets LLC and Deutsche Bank Securities Inc.
This press release does not constitute an offer to sell or a solicitation to buy these Senior Notes in any jurisdiction where such actions would be unlawful prior to appropriate registration or qualification under relevant securities laws.
