secwatch / observer
8-K filed March 6, 2024, 6:59 PM ET ticker BG CIK 0001996862
debt confidence high sentiment neutral materiality 0.60

Bunge Global SA (BG): debt financing — Bunge enters $3.2B credit facility; adds $1.25B after Viterra close; BFE expands to $3.5B

Bunge Global SA

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

Bunge Global SA incurred revolving credit of $3.2 billion 5-year Revolving Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent, Sumitomo Mitsui Banking Corporation, as syndication agent, Citibank, N.A. and Crédit Agricole Corporate and Investment Bank, as co-documentation agents and certain lenders party thereto at daily simple SOFR plus a SOFR adjustment and an applicable margin as defined in maturing March 1, 2029, with option to extend for two additional one-year periods.

Instrument
revolving credit
Principal
$3.2 billion 5-year Revolving Credit Agreement
Counterparty
JPMorgan Chase Bank, N.A., as administrative agent, Sumitomo Mitsui Banking Corporation, as syndication agent, Citibank, N.A. and Crédit Agricole Corporate and Investment Bank, as co-documentation agents and certain lenders party thereto
Rate
daily simple SOFR plus a SOFR adjustment and an applicable margin as defined in
Maturity
March 1, 2029, with option to extend for two additional one-year periods
Event
incurrence
Exact text from the filing
BLFC-JPM Revolving Credit Agreement On March 1, 2024, Bunge Limited Finance Corp. (“ BLFC ”), a wholly owned subsidiary of Bunge Global SA (“ Bunge ”), entered into an unsecured $3.2 billion 5-year Revolving Credit Agreement (the “ BLFC-JPM Revolving Credit Agreement ”) among BLFC, as borrower, JPMorgan Chase Bank, N.A., as administrative agent, Sumitomo Mitsui
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Bunge Global SA amended BFE European Revolving Credit Facility Agreement with Crédit Agricole Corporate and Investment Bank, as agent, and certain lenders valued at $1.75 billion (effective 2024-03-01).

Action
amendment
Agreement
credit facility
Counterparty
Crédit Agricole Corporate and Investment Bank, as agent, and certain lenders
Value
$1.75 billion
Effective
2024-03-01
Exact text from the filing
On March 1, 2024, Bunge Finance Europe B.V. (“ BFE ”), a wholly owned subsidiary of Bunge, exercised the accordion provision set forth in its existing unsecured $1.75 billion 3-year Revolving Credit Agreement (as amended, the “ BFE European Revolving Credit Facility Agreement ”) among BFE, as borrower, Crédit Agricole Corporate and Investment Bank, as agent, and certain lenders party thereto (the “ BFE Lenders ”) pursuant to an accordion increase certificate (the “ BFE Accordion Increase Certificate ”) and an amendment to the BFE European Revolving Credit Facility Agreement (the “ BFE First Amendment ”) in an aggregate amount of $1.75 billion (the “ Additional Commitments ”)
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Bunge Global SA entered into BLFC-JPM Revolving Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent, and certain lenders valued at $3.2 billion (effective 2024-03-01).

Action
entry
Agreement
credit facility
Counterparty
JPMorgan Chase Bank, N.A., as administrative agent, and certain lenders
Value
$3.2 billion
Effective
2024-03-01
Exact text from the filing
On March 1, 2024, Bunge Limited Finance Corp. (“ BLFC ”), a wholly owned subsidiary of Bunge Global SA (“ Bunge ”), entered into an unsecured $3.2 billion 5-year Revolving Credit Agreement (the “ BLFC-JPM Revolving Credit Agreement ”) among BLFC, as borrower, JPMorgan Chase Bank, N.A., as administrative agent, Sumitomo Mitsui Banking Corporation, as syndication agent, Citibank, N.A. and Crédit Agricole Corporate and Investment Bank, as co-documentation agents and certain lenders party thereto
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Bunge Global SA terminated Terminated BLFC-JPM Revolving Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent, and certain lenders valued at $1.95 billion (effective 2024-03-01).

Action
termination
Agreement
credit facility
Counterparty
JPMorgan Chase Bank, N.A., as administrative agent, and certain lenders
Value
$1.95 billion
Effective
2024-03-01
Exact text from the filing
The BLFC-JPM Revolving Credit Agreement replaced an existing U.S. $1.95 billion 5-year First Amended and Restated Revolving Credit Agreement, dated as of June 21, 2023 (the “ Terminated BLFC-JPM Revolving Credit Agreement ”), among BLFC, as borrower, JPMorgan Chase Bank, N.A., as administrative agent, and certain lenders party thereto that was scheduled to mature on July 16, 2026, which was terminated in accordance with its terms on March 1, 2024.
View on SEC.gov

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Bunge Global SA filing history →

Source: SEC EDGAR
accession 0001996862-24-000049
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