Bunge Global SA Announces Pricing of $2.0 Billion Senior Notes Offering
09/11/24
$400 million aggregate principal amount of 4.100% Senior Notes due 2028;$800 million aggregate principal amount of 4.200% Senior Notes due 2029; and$800 million aggregate principal amount of 4.650% Senior Notes due 2034.
The 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
Bunge intends to use the net proceeds from the offering of the Senior Notes to fund a portion of the cash consideration for Bunge’s proposed acquisition (the “Business Combination”) of Viterra Limited (“Viterra”) and to repay a portion of certain Viterra debt to be assumed in connection with the Business Combination, including, in each case, related fees and expenses, and, with any remaining amounts, for general corporate purposes.
Each series of Senior Notes will be subject to a special mandatory redemption (at a price equal to 101% of the aggregate principal amount of such series of Senior Notes, plus accrued and unpaid interest, if any, to, but excluding, the special mandatory redemption date) under certain circumstances if the Business Combination is not consummated or is not consummated by an agreed upon date.
SMBC Nikko Securities America, Inc., BNP Paribas Securities Corp., BofA Securities, Inc., J.P. Morgan Securities LLC, Mizuho Securities
This offering of Senior Notes may be made only by means of the prospectus supplement and the accompanying prospectus related to the offering. Copies of the prospectus supplement and the accompanying prospectus relating to the offering can be obtained by contacting SMBC Nikko Securities America, Inc. by phone at 1-888-868-6856 or by email at [email protected], BNP Paribas Securities Corp. by phone at 1-800-854-5674 or by email at [email protected], BofA Securities, Inc. by phone at 1-800-294-1322 or by email at [email protected], J.P. Morgan Securities LLC at 1-212-834-4533, or Mizuho Securities
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of, these Senior Notes in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
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
Website Information
We routinely post important information for investors on our website, www.bunge.com, in the "Investors" section. We may use this website as a means of disclosing material, non-public information and for complying with our disclosure obligations under Regulation FD. Accordingly, investors should monitor the Investors section of our website, in addition to following our press releases,
Cautionary Statement Concerning Forward Looking Statements
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward looking statements to encourage companies to provide prospective information to investors. This press release includes forward looking statements that reflect our current expectations about the size, timing and terms of the proposed offering. Forward looking statements include all statements that are not historical in nature. We have tried to identify these forward looking statements by using words including "may," "will," "should," "could," "expect," "anticipate," "believe," "plan," "intend," "estimate," "continue" and similar expressions. These forward looking statements are subject to a number of risks, uncertainties, assumptions and other factors that could cause our actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward looking statements. The following factors, among others, could cause actual results to differ from these forward looking statements: our ability to complete the proposed offering on the expected timing and terms, or at all, the impact on our employees, operations, and facilities from the war in
View source version on businesswire.com: https://www.businesswire.com/news/home/20240910836841/en/
Media Contact:
Bunge News Bureau
Bunge
636-292-3022
[email protected]
Investor Contact:
Ruth Ann Wisener
Bunge
636-292-3014
[email protected]
Source: Bunge Global SA