WHITE PLAINS, N.Y.,
Nov. 10, 2016 /PRNewswire/
-- Bunge Limited (NYSE: BG) today announced that Bunge Finance
Europe B.V., its wholly owned finance subsidiary, has priced a
public offering of €200,000,000 aggregate principal amount of
1.850% senior notes due 2023 (the "notes"). The notes will be
guaranteed by Bunge Limited.
The notes constitute an additional issuance of, and form a
single series with, the outstanding 1.850% senior notes due 2023
(the "existing notes") issued on June 16,
2016 and have the same terms as the existing notes. The
notes will have the same ISIN and Common Code number as the
existing notes and will trade interchangeably with the existing
notes immediately upon settlement. Upon issuance of the notes, the
aggregate principal amount outstanding of the 1.850% senior notes
due 2023 will be €800,000,000.
The offering is being made pursuant to a registration statement
filed with the U.S. Securities and Exchange Commission. The
transaction is expected to close on November
17, 2016.
Bunge Limited intends to use the net proceeds from this offering
for general corporate purposes, including, but not limited to, the
repayment of outstanding indebtedness, which may include
indebtedness under its revolving credit facilities.
BNP Paribas, Citigroup Global Markets Limited, J.P. Morgan
Securities plc, Deutsche Bank AG, London Branch, HSBC Bank plc and ING Bank N.V.
are acting as joint book-running managers for the offering.
This offering of senior notes may be made only by means of the
prospectus supplement and the accompanying prospectus related to
the offering. Copies of the prospectus supplement and the
accompanying prospectus relating to the offering can be obtained by
calling BNP Paribas toll-free at (800) 854-5674, Citigroup Global
Markets Limited toll-free at (800) 831-9146 or J.P. Morgan
Securities plc collect at +44 (0)207-134-2468.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy, nor shall there be any sale of,
these senior notes in any jurisdiction in which such an offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such
jurisdiction.
The prospectus in the registration statement and the prospectus
supplement relating to the offering have been prepared on the basis
that any offer of notes in any Member State of the European
Economic Area (each, a "Member State") will be made pursuant to an
exemption under Directive 2003/71/EC of the European Parliament and
the Council of 4 November 2003 as
amended (the "Prospectus Directive") from the requirement to
publish a prospectus for offers of notes. Accordingly any person
making or intending to make an offer in that Member State of notes
which are the subject of the offering contemplated in the
prospectus supplement may only do so in circumstances in which no
obligation arises for Bunge Limited, Bunge Finance Europe B.V. or
any of the underwriters to publish a prospectus pursuant to Article
3 of the Prospectus Directive or supplement a prospectus pursuant
to Article 16 of the Prospectus Directive, in each case, in
relation to such offer. Neither we nor the joint bookrunners have
authorized, nor do they authorize, the making of any offer of notes
in circumstances in which an obligation arises for us or the
underwriters to publish or supplement a prospectus for such
offer.
The prospectus in the registration statement and the prospectus
supplement relating to the offering are for distribution only to
persons who (i) have professional experience in matters relating to
investments falling within Article 19(5) of the Financial Services
and Markets Act 2000 (Financial Promotion) Order 2005 (as amended,
the "Financial Promotion Order"), (ii) are persons falling within
Article 49(2)(a) to (d) ("high net worth companies, unincorporated
associations etc.") of the Financial Promotion Order, (iii) are
outside the United Kingdom, or
(iv) are persons to whom an invitation or inducement to engage in
investment activity (within the meaning of section 21 of the
Financial Services and Markets Act 2000) in connection with the
issue or sale of any securities may otherwise lawfully be
communicated or caused to be communicated (all such persons
together being referred to as "relevant persons"). The prospectus
in the registration statement and the prospectus supplement
relating to the offering are directed only at relevant persons and
must not be acted on or relied on by persons who are not relevant
persons. Any investment or investment activity to which the such
documents relate is available only to relevant persons and will be
engaged in only with relevant persons.
Relevant stabilization regulations including FCA / ICMA
apply.
About Bunge Limited
Bunge Limited (www.bunge.com, NYSE: BG) is a leading global
agribusiness and food company operating in over 40 countries with
approximately 35,000 employees. Bunge buys, sells, stores and
transports oilseeds and grains to serve customers worldwide;
processes oilseeds to make protein meal for animal feed and edible
oil products for commercial customers and consumers; produces sugar
and ethanol from sugarcane; mills wheat, corn and rice to make
ingredients used by food companies; and sells fertilizer in
South America. Founded in 1818,
the company is headquartered in White
Plains, New York.
Cautionary Statement Concerning Forward-Looking
Statements
This press release contains both historical and forward-looking
statements. All statements, other than statements of historical
fact are, or may be deemed to be, forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. These forward looking statements are not based on
historical facts, but rather reflect our current expectations and
projections about our future results, performance, prospects and
opportunities, including statements with respect to the completion,
timing and anticipated use of proceeds of the offering. We
have tried to identify these forward looking statements by using
words including "may," "will," "should," "could," "expect,"
"anticipate," "believe," "plan," "intend," "estimate," "continue"
and similar expressions. These forward looking statements are
subject to a number of risks, uncertainties and other factors that
could cause our actual results, performance, prospects or
opportunities to differ materially from those expressed in, or
implied by, these forward looking statements, including those risk
factors described in or incorporated by reference in the prospectus
supplement for the offering. The following important factors,
among others, could affect our business and financial performance:
industry conditions, including fluctuations in supply, demand and
prices for agricultural commodities and other raw materials and
products used in our business; fluctuations in energy and freight
costs and competitive developments in our industries; the effects
of weather conditions and the outbreak of crop and animal disease
on our business; global and regional agricultural, economic,
financial and commodities market, political, social and health
conditions; the outcome of pending regulatory and legal
proceedings; our ability to complete, integrate and benefit from
acquisitions, dispositions, joint ventures and strategic alliances;
our ability to achieve the efficiencies, savings and other benefits
anticipated from our cost reduction, margin improvement and other
business optimization initiatives; changes in government policies,
laws and regulations affecting our business, including agricultural
and trade policies, tax regulations and biofuels legislation; and
other factors affecting our business generally. The forward-looking
statements included in this release are made only as of the date of
this release, and except as otherwise required by federal
securities law, we do not have any obligation to publicly update or
revise any forward-looking statements to reflect subsequent events
or circumstances.
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SOURCE Bunge Limited