debt
confidence high
sentiment neutral
materiality 0.55
Bunge subsidiary issues $2B in senior notes to partly fund Viterra acquisition
Bunge Global SA
- $400M of 4.100% notes due 2028, $800M of 4.200% notes due 2029, $800M of 4.650% notes due 2034.
- Net proceeds of ~$1.98B after underwriting discount and fees.
- Proceeds to fund cash consideration for Viterra acquisition and repay certain Viterra debt assumed in the deal.
- Notes are guaranteed by Bunge Global SA and issued by wholly-owned finance subsidiary BLFC.
- Maturities range from 2028 to 2034, with semi-annual interest payments.