--- schema_version: "secwatch.filing_event.v1" accession: "0001144519-23-000163" form_type: "8-K" ticker: null cik: "0001144519" company_name: "BUNGELTD" filed_at: "2023-06-26T23:59:59+00:00" generated_at: "2026-06-13T16:52:19.398599+00:00" event_type: "debt" sentiment: "neutral" materiality_score: 0.5 calibrated_materiality_score: 0.5 confidence: "high" source: SEC EDGAR --- # Bunge restructures debt facilities, increases JPMorgan revolver to $1.95B ahead of redomestication ## Summary - Terminated Bunge Master Trust; amended credit agreements to remove trust references and prepare for redomestication to Switzerland. - Increased JPMorgan revolver from $1.35B to $1.95B; terminated $600M BAFC liquidity facility; total committed borrowing unchanged at $5,665M. - Entered new $1.1B 364-day revolving credit facility maturing June 20, 2024, replacing existing $1.1B facility. - Established new $1.0B unsecured commercial paper program (P-2/A-2); terminated old $600M asset-backed program. - Obligations under facilities will automatically transfer to Bunge Global SA as successor guarantor upon redomestication. ## SEC filing metadata - accession: 0001144519-23-000163 - form_type: 8-K - cik: 0001144519 - company_name: BUNGELTD - filed_at: 2023-06-26T23:59:59+00:00 - event_type: debt - sentiment: neutral - materiality_score: 0.5 - calibrated_materiality_score: 0.5 - confidence: high - sec_items: 1.01, 1.02, 2.03, 7.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1144519/000114451923000163/0001144519-23-000163-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1144519/000114451923000163/bg-20230621.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001144519-23-000163 - JSON: https://secwatch.observer/filing/0001144519-23-000163.json - Plain text: https://secwatch.observer/filing/0001144519-23-000163.txt ## Key facts - Debt Financings BUNGELTD incurred revolving credit of $1.1 billion with Coöperatieve Rabobank U.A., New York Branch at daily simple or term SOFR plus a 0.10% SOFR adjustment plus the Applicable Margi maturing June 20, 2024. - Instrument: revolving credit - Principal: $1.1 billion - Counterparty: Coöperatieve Rabobank U.A., New York Branch - Rate: daily simple or term SOFR plus a 0.10% SOFR adjustment plus the Applicable Margi - Maturity: June 20, 2024 - Event: incurrence source text: On June 21, 2023, BLFC entered into an unsecured $1.1 billion 364-day Revolving Credit Agreement (the “$1.1 Billion 2024 Credit Agreement”) with Rabobank, as administrative agent, and certain other lenders (the “Lenders”), maturing on June 20, 2024. evidence_url: https://www.sec.gov/Archives/edgar/data/1144519/000114451923000163/0001144519-23-000163-index.htm - Material Agreements BUNGELTD entered into $1.1 Billion 2024 Credit Agreement with Rabobank valued at 364-day revolving credit facility, $1.1 billion, maturing June 20, 2024 (effective 2023-06-21). - Action: entry - Agreement: credit facility - Counterparty: Rabobank - Value: 364-day revolving credit facility, $1.1 billion, maturing June 20, 2024 - Effective: 2023-06-21 source text: BLFC entered into an unsecured $1.1 billion 364-day Revolving Credit Agreement (the “$1.1 Billion 2024 Credit Agreement”) with Rabobank, as administrative agent, and certain other lenders (the “Lenders”), maturing on June 20, 2024 evidence_url: https://www.sec.gov/Archives/edgar/data/1144519/000114451923000163/0001144519-23-000163-index.htm - Material Agreements BUNGELTD terminated $1.1 billion 364-day revolving credit agreement dated July 15, 2022 with Rabobank valued at terminated, maturing July 14, 2023, no principal outstanding (effective 2023-06-21). - Action: termination - Agreement: credit facility - Counterparty: Rabobank - Value: terminated, maturing July 14, 2023, no principal outstanding - Effective: 2023-06-21 source text: The $1.1 Billion 2024 Credit Agreement replaced an existing $1.1 billion 364-day revolving credit agreement, dated as of July 15, 2022 (the “Terminated Credit Agreement”), among BLFC, Rabobank, as administrative agent, and certain other lenders party thereto that was scheduled to mature on July 14, 2023. Bunge had no principal amounts outstanding under the Terminated Credit Agreement on the date of termination evidence_url: https://www.sec.gov/Archives/edgar/data/1144519/000114451923000163/0001144519-23-000163-index.htm - Material Agreements BUNGELTD amended JPMorgan Revolving Credit Facility with JPMorgan valued at commitments increased to $1.95 billion (effective 2023-06-21). - Action: amendment - Agreement: credit facility - Counterparty: JPMorgan - Value: commitments increased to $1.95 billion - Effective: 2023-06-21 source text: the commitments under Bunge’s $1.35 billion JPMorgan revolving credit facility were increased to $1.95 billion, and the $600 million liquidity facility at BAFC was terminated evidence_url: https://www.sec.gov/Archives/edgar/data/1144519/000114451923000163/0001144519-23-000163-index.htm - Material Agreements BUNGELTD terminated Bunge Master Trust with The Bank of New York Mellon valued at terminated in accordance with termination and lien release agreement (effective 2023-06-21). - Action: termination - Agreement: lease - Counterparty: The Bank of New York Mellon - Value: terminated in accordance with termination and lien release agreement - Effective: 2023-06-21 source text: Bunge terminated the Bunge Master Trust in accordance with a termination and lien release agreement with The Bank of New York Mellon evidence_url: https://www.sec.gov/Archives/edgar/data/1144519/000114451923000163/0001144519-23-000163-index.htm - Material Agreements BUNGELTD terminated BAFC $600 million liquidity facility with BAFC valued at facility terminated (effective 2023-06-21). - Action: termination - Agreement: credit facility - Counterparty: BAFC - Value: facility terminated - Effective: 2023-06-21 source text: (“BAFC”), and Bunge Management Services Inc. (“BMSI”), each of which are wholly owned subsidiaries of Bunge, terminated the Bunge Master Trust, which had previously been formed to facilitate third party financing. evidence_url: https://www.sec.gov/Archives/edgar/data/1144519/000114451923000163/0001144519-23-000163-index.htm - Material Agreements BUNGELTD amended Trade Receivable Securitization Program with Coöperatieve Rabobank U.A., New York Branch valued at amended to remove references to Bunge Master Trust and add MUFG Bank, Ltd. and Gotham Funding Corpor (effective 2023-06-21). - Action: amendment - Agreement: credit facility - Counterparty: Coöperatieve Rabobank U.A., New York Branch - Value: amended to remove references to Bunge Master Trust and add MUFG Bank, Ltd. and Gotham Funding Corpor - Effective: 2023-06-21 source text: Bunge amended its existing $1.1 billion trade receivable securitization program with Coöperatieve Rabobank U.A., New York Branch (“Rabobank”), as administrative agent and purchaser agent, to remove all references and all provisions related to the Bunge Master Trust evidence_url: https://www.sec.gov/Archives/edgar/data/1144519/000114451923000163/0001144519-23-000163-index.htm - Material Agreements BUNGELTD amended Bunge Master Trust related credit agreements with The Bank of New York Mellon valued at amended to remove references and provisions related to Bunge Master Trust (effective 2023-06-21). - Action: amendment - Agreement: credit facility - Counterparty: The Bank of New York Mellon - Value: amended to remove references and provisions related to Bunge Master Trust - Effective: 2023-06-21 source text: Bunge amended its existing credit agreements and related guarantees to remove all references and provisions related to the Bunge Master Trust evidence_url: https://www.sec.gov/Archives/edgar/data/1144519/000114451923000163/0001144519-23-000163-index.htm - Material Agreements BUNGELTD amended BLFC Senior Notes indentures with BLFC valued at supplemental indentures to remove references to Bunge Master Trust (effective 2023-06-21). - Action: amendment - Agreement: notes offering - Counterparty: BLFC - Value: supplemental indentures to remove references to Bunge Master Trust - Effective: 2023-06-21 source text: Bunge and BLFC entered into supplemental indentures to each of the indentures related to BLFC’s outstanding senior notes to remove all references and all provisions related to the Bunge Master Trust evidence_url: https://www.sec.gov/Archives/edgar/data/1144519/000114451923000163/0001144519-23-000163-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.