Bunge amends, restates $1.1 billion 364-day revolving facility

By Wendy Van Sickle

Columbus, Ohio, April 16 – Bunge Global AS subsidiary Bunge Ltd. Finance Corp. amended and restated its existing $1.1 billion 364-day revolving credit agreement with Rabobank UA, New York Branch, as administrative agent on April 12 to extend the maturity date to April 11, 2025 from June 19, 2024, according to an 8-K filing with the Securities and Exchange Commission.

Bunge may from time-to-time request one or more of the existing lenders or new lenders to increase the total participations by up to $250 million.

Proceeds may be used for general corporate purposes.

Borrowings will bear interest at SOFR plus an adjustment and applicable margin ranging from 55 basis points to 100 bps, based on Bunge’s long-term unsecured debt credit ratings.

Sumitomo Mitsui Banking Corp. is the syndication agent. BNP Paribas, Citibank, NA, Natixis, New York Branch and U.S. Bank NA are the co-documentation agents.

Bunge is a Chesterfield, Mo.-based agribusiness and food company.

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