Bunge Limited (NYSE:BG) today announced that Bunge Limited Finance Corp., its wholly owned finance subsidiary, has priced a public offering of $600 million aggregate principal amount of 4.350% senior notes due 2024. The senior notes will be guaranteed by Bunge Limited. The offering was made pursuant to a registration statement filed with the U.S. Securities and Exchange Commission. The transaction is expected to close on September 10, 2018.
Bunge intends to use the net proceeds from the offering of the senior notes, together with available cash, to fund the purchase of any and all of Bunge Limited Finance Corp.'s $600 million 8.50% Senior Notes due 2019 that are validly tendered in a tender offer commenced on September 4, 2018, including, at Bunge's sole discretion, any subsequent redemption of any existing notes that remain outstanding following the completion of the tender offer, and to pay any related premium, fees and expenses. If Bunge terminates the tender offer before purchasing any of the existing notes or, if following the consummation of the tender offer, Bunge elects not to redeem the existing notes that remain outstanding, Bunge will use any remaining net proceeds from the offering of the senior notes for general corporate purposes.
J.P. Morgan Securities LLC, HSBC Securities (USA) Inc., Morgan Stanley & Co. LLC, SMBC Nikko Securities America, Inc., ABN AMRO Securities (USA) LLC, ING Financial Markets LLC, Natixis Securities Americas LLC and Rabo Securities USA, Inc. are acting as joint book-running managers for the offering of senior notes. BMO Capital Markets Corp., BNP Paribas Securities Corp., Commerz Markets LLC, Credit Agricole Securities (USA) Inc., Deutsche Bank Securities Inc., Mizuho Securities USA LLC, SG Americas Securities, LLC and U.S. Bancorp Investments, Inc. are acting as senior co-managers for the offering of senior notes. ANZ Securities, Inc., Barclays Capital Inc., BB Securities Limited, BBVA Securities Inc., DZ Financial Markets LLC, ICBC Standard Bank Plc, Loop Capital Markets LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, PNC Capital Markets LLC, Scotia Capital (USA) Inc., Standard Chartered Bank, SunTrust Robinson Humphrey, Inc., UniCredit Capital Markets LLC and Wells Fargo Securities, LLC are acting as co-managers for the for the offering of senior notes.
About Bunge Limited
Bunge Limited (www.bunge.com, NYSE: BG) is a leading global agribusiness and food company operating in over 40 countries with approximately 32,000 employees. Bunge buys, sells, stores and transports oilseeds and grains to serve customers worldwide; processes oilseeds to make protein meal for animal feed and edible oil products for commercial customers and consumers; produces sugar and ethanol from sugarcane; mills wheat, corn and rice to make ingredients used by food companies; and sells fertilizer in South America. Founded in 1818, the company is headquartered in White Plains, New York.
