Bunge Ltd. unit Bunge Ltd. Finance Corp. on Dec. 14 entered into a $1.10 billion revolving credit agreement maturing Dec. 14, 2023.

Bunge Ltd. Finance Corp., or BLFC, may use proceeds from future borrowings under the revolver to fund intercompany advances to Bunge Ltd. and certain of its units, as well as pay down BLFC indebtedness, according to an SEC form filed Dec. 17.

BLFC may request one or more of the existing lenders or new lenders to increase the total commitments under the revolver by up to $200 million, pursuant to an accordion provision set forth in the agreement.

BLFC also has the option to ask to extend the revolver by up to two years, in one-year increments. Each lender in its sole discretion may agree to any such extension request.

Citibank NA served as syndication agent; BNP Paribas, Mizuho Bank Ltd., Suitomo Mitsui Banking Corp. and U.S. Bank National Association acted as co-documentation agents; and JPMorgan Chase Bank NA was administrative agent.

The current agreement replaces the November 2014 $1.10 billion five-year revolver scheduled to mature Nov. 20, 2019 and terminated in accordance with its terms on Dec. 14.