WHITE PLAINS, N.Y.,
Sep. 18, 2017 /PRNewswire/ -- Bunge
Limited (NYSE: BG) today announced that Bunge Limited Finance
Corp., its wholly owned finance subsidiary, has priced a public
offering of $400 million aggregate
principal amount of 3.00% senior notes due 2022 and $600 million aggregate principal amount of 3.75%
senior notes due 2027. The senior notes will be guaranteed by Bunge
Limited. The offering was made pursuant to a registration statement
filed with the U.S. Securities and Exchange Commission. The
transaction is expected to close on September 25, 2017.
Bunge Limited intends to use the net proceeds from this offering
to finance its previously announced acquisition of a 70% ownership
interest in IOI Loders Croklaan. Pending the closing of the
acquisition, Bunge intends to use the proceeds to repay outstanding
indebtedness.
Citigroup Global Markets Inc., J.P. Morgan Securities LLC,
Mizuho Securities USA LLC, SMBC
Nikko Securities America, Inc. and Natixis Securities Americas LLC
are acting as joint book-running managers for the offering of the
3.00% senior notes due 2022 and Citigroup Global Markets Inc., J.P.
Morgan Securities LLC, Mizuho Securities USA LLC, SMBC Nikko Securities America, Inc.
and Credit Suisse Securities (USA)
LLC are acting as joint book-running managers for the offering of
the 3.75% senior notes due 2027. ABN AMRO Securities (USA) LLC, BNP Paribas Securities Corp., Credit
Agricole Securities (USA) Inc.,
Deutsche Bank Securities Inc., HSBC Securities (USA) Inc., Morgan Stanley & Co. LLC, Rabo
Securities USA, Inc., SG Americas
Securities, LLC and UniCredit Capital Markets LLC are acting as
senior co-managers for the offering of both tranches of senior
notes. ANZ Securities Inc., Barclays Capital Inc., BB Securities
Limited, BBVA Securities Inc., BMO Capital Markets Corp., Commerz
Markets LLC, ICBC Standard Bank Plc, ING Financial Markets LLC,
Loop Capital Markets LLC, nabSecurities, LLC, PNC Capital Markets
LLC, RBS Securities Inc., Santander Investment Securities Inc.,
Scotia Capital (USA) Inc.,
Standard Chartered Bank and SunTrust Robinson Humphrey, Inc. are
acting as co-managers for the offering of both tranches of senior
notes.
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 Citigroup Global Markets Inc. toll-free at 1-800-831-9146,
J.P. Morgan Securities LLC collect at 1-212-834-4533, Mizuho
Securities USA LLC toll-free at
1-866-271-7403 or SMBC Nikko Securities America, Inc. toll-free at
1-888-868-6856.
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.
Website Information
We routinely post important
information for investors on our website, www.bunge.com, in the
"Investors" section. We may use this website as a means of
disclosing material, non-public information and for complying with
our disclosure obligations under Regulation FD. Accordingly,
investors should monitor the Investors section of our website, in
addition to following our press releases, SEC filings, public
conference calls, presentations and webcasts. The information
contained on, or that may be accessed through, our website is not
incorporated by reference into, and is not a part of, this
document.
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 32,000 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,
as well as the completion and timing of the Loders acquisition.
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