Bunge Limited Finance Corp. has extended the expiration date of its exchange offers and consent solicitations from February 3, 2025, to March 7, 2025. The company has received consents sufficient to amend the respective existing viterra indentures to eliminate certain covenants, restrictive provisions, and events of default.
As of January 31, 2025, the principal amounts of existing viterra notes had been validly tendered and not validly withdrawn, along with the consents thereby validly delivered and not revoked. The details are as follows: 2.000% notes due 2026: $578,613,000 (96.4%) 4.900% notes due 2027: $438,428,000 (97.4%) 3.200% notes due 2031: $596,056,000 (99.3%) 5.250% notes due 2032: $295,300,000 (98.4%)
The company has engaged lead dealer managers and solicitation agents for the exchange offers and consent solicitations.
Bunge expects to receive remaining approvals and close the business combination in the next several months. The company has approximately 23,000 employees working across approximately 300 facilities located in more than 40 countries. The market has reacted to these announcements by moving the company's shares -0.2% to a price of $77.47. If you want to know more, read the company's complete 8-K report here.
