Agribusiness and food company Bunge Ltd said Sept. 4 that its wholly owned finance subsidiary, Bunge Ltd. Finance Corp., launched a cash tender offer for its $600 million 8.50% senior notes due 2019.
Noteholders who validly tender their notes on or before 5 p.m. ET on Sept. 10 will be eligible to receive in cash the tender offer consideration of $1,041.73 per $1,000 principal.
Holders will also receive accrued and unpaid interest on the 2019 notes validly tendered and accepted for purchase from the June 15 interest payment date up to the date on which Bunge makes payment for the notes, which is expected to be Sept. 11.
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.