trending Market Intelligence /marketintelligence/en/news-insights/trending/8rk1os1icw5m119ybnz5tg2 content esgSubNav
In This List

Bunge prices $600M cash tender offer

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Enterprises are missing out on 24B by not optimizing cloud spending not going multicloud

Blog

Investment Research Analysts Providing Greater Coverage on Inflation

Blog

Using Credit Analytics to Avoid Mispricing Insurance Premiums


Bunge prices $600M cash tender offer

Agribusiness and food company Bunge Ltd. on Sept. 10 priced its previously announced cash tender offer for its $600 million 8.50% senior notes due 2019.

As of the expiration date on Sept. 10, $283.5 million aggregate principal amount of the 2019 notes were validly tendered. Holders who validly tendered their notes are eligible to receive $1,041.55 per $1,000 principal amount.

The company said it expects to accept for payment all 2019 notes validly tendered and not withdrawn on Sept. 11. It also plans to pay for the 2019 notes on the same day. The 2019 notes not tendered in the offer will remain outstanding.

New York-based Bunge recently launched a public offering of $600 million aggregate principal amount of its 4.35% senior notes due 2024 to fund the cash tender offer.

SMBC Nikko Securities America Inc. acted as the company's dealer-manager in the offering, while HSBC Securities (USA) Inc. acted as the co-dealer-manager.