WHITE PLAINS, N.Y.,
Sept. 4, 2018
/PRNewswire/ -- Bunge Limited (NYSE:BG) today
announced that Bunge Limited Finance Corp., its wholly owned
finance subsidiary, has priced a public offering of $600 million aggregate principal amount of 4.350%
senior notes due 2024. 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 10, 2018.
Bunge intends to use the net proceeds from the offering of the
senior notes, together with available cash, to fund the purchase of
any and all of Bunge Limited Finance Corp.'s $600 million 8.50% Senior Notes due 2019 that are
validly tendered in a tender offer commenced on September 4, 2018, including, at Bunge's sole
discretion, any subsequent redemption of any existing notes that
remain outstanding following the completion of the tender offer,
and to pay any related premium, fees and expenses. If Bunge
terminates the tender offer before purchasing any of the existing
notes or, if following the consummation of the tender offer, Bunge
elects not to redeem the existing notes that remain outstanding,
Bunge will use any remaining net proceeds from the offering of the
senior notes for general corporate purposes.
J.P. Morgan Securities LLC, HSBC Securities (USA) Inc., Morgan Stanley & Co. LLC, SMBC
Nikko Securities America, Inc., ABN AMRO Securities (USA) LLC, ING Financial Markets LLC, Natixis
Securities Americas LLC and Rabo Securities USA, Inc. are acting as joint book-running
managers for the offering of senior notes. BMO Capital Markets
Corp., BNP Paribas Securities Corp., Commerz Markets LLC, Credit
Agricole Securities (USA) Inc.,
Deutsche Bank Securities Inc., Mizuho Securities USA LLC, SG Americas Securities, LLC and U.S.
Bancorp Investments, Inc. are acting as senior co-managers for the
offering of senior notes. ANZ Securities, Inc., Barclays Capital
Inc., BB Securities Limited, BBVA Securities Inc., DZ Financial
Markets LLC, ICBC Standard Bank Plc, Loop Capital Markets LLC,
Merrill Lynch, Pierce, Fenner & Smith Incorporated, PNC Capital
Markets LLC, Scotia Capital (USA)
Inc., Standard Chartered Bank, SunTrust Robinson Humphrey, Inc.,
UniCredit Capital Markets LLC and Wells Fargo Securities, LLC are
acting as co-managers for the for the offering 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 J.P. Morgan Securities LLC collect at 1-212-834-4533, HSBC
Securities (USA) Inc. at
1-866-811-8049, Morgan Stanley & Co. LLC at 1 (866) 718-1649 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.
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;
operational risks, including industrial accidents and natural
disasters; 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