8-KOther EventsExhibits & Filings

Bunge Global SA 8-K Report, Corporate Update (Sep 17, 2024)

Filed September 17, 2024For Securities:BG

Summary

Bunge Global SA (BG), through its finance subsidiary Bunge Limited Finance Corp. (BLFC), has successfully completed the issuance of $2 billion in Senior Notes across three tranches: $400 million in 4.100% Senior Notes due 2028, $800 million in 4.200% Senior Notes due 2029, and $800 million in 4.650% Senior Notes due 2034. These notes are guaranteed by Bunge Global SA. The primary purpose of this debt offering, which generated approximately $1.98 billion in net proceeds, is to partially fund the cash consideration for Bunge's significant proposed acquisition of Viterra Limited and to address certain Viterra debt that will be assumed as part of the transaction. This strategic move demonstrates Bunge's commitment to financing its transformative Viterra acquisition, a key event for the company's future growth and market position. Investors should note the substantial capital raised, which is directly earmarked for this major integration effort. The company has also indicated that any remaining proceeds will be used for general corporate purposes, providing additional financial flexibility. The issuance was made under a previously filed shelf registration statement.

Key Highlights

  • 1Bunge Global SA (BG) subsidiary completed a $2 billion Senior Notes offering.
  • 2The offering includes three tranches: 2028 ($400M at 4.100%), 2029 ($800M at 4.200%), and 2034 ($800M at 4.650%).
  • 3Net proceeds of approximately $1.98 billion were raised.
  • 4Proceeds are intended to fund a portion of the cash consideration for the Viterra acquisition.
  • 5Funds will also be used to repay a portion of Viterra debt to be assumed in the acquisition.
  • 6The Senior Notes are guaranteed by Bunge Global SA.
  • 7The offering was made under a shelf registration statement filed on September 9, 2024.

Frequently Asked Questions

The primary purpose of this $2 billion Senior Notes offering was to raise capital to fund a portion of the cash consideration for Bunge's proposed acquisition of Viterra Limited, and to repay a portion of certain Viterra debt to be assumed in connection with the acquisition.

Bunge raised approximately $1.98 billion in net proceeds from the sale and issuance of the Senior Notes, after deducting underwriting discounts and estimated fees and expenses.

The Senior Notes consist of $400 million of 4.100% Senior Notes due 2028, $800 million of 4.200% Senior Notes due 2029, and $800 million of 4.650% Senior Notes due 2034. These notes are guaranteed by Bunge Global SA.

Any remaining amounts from the net proceeds, after funding the Viterra acquisition and related debt assumptions, will be used for general corporate purposes.