M&A
confidence high
sentiment positive
materiality 0.50
Bunge announces early results: 94-98% of Viterra notes tendered in exchange offers up to $1.95B
Bunge Global SA
- Consents received: 96.5% on 2026/2031 notes, 97.6% on 2027/2032 notes; releases Viterra guarantees.
- Tendered percentages: 2026 notes 94.4%, 2027 notes 97.1%, 2031 notes 98.5%, 2032 notes 98.3%.
- Exchange offers up to $1.95B new Bunge-issued notes plus cash; early tender payment $30 per $1,000.
- Expiration date Oct 7, 2024; settlement within two business days after; may extend if Viterra acquisition closes on or before settlement.
- Proposed amendments eliminate covenants and discharge Viterra guarantees, become operative on settlement.