Shearman And Sterling

News September 24, 2018

Bunge Limited Finance Corp.’s $600 Million Senior Notes Offering and Tender Offer

Shearman & Sterling advised Bunge Limited and Bunge Limited Finance Corp. (BLFC) in connection with BLFC’s issuance and sale of $600 million senior notes and related tender offer for BLFC’s outstanding 8.50% senior notes due 2019. Bunge Limited will guarantee the notes.

Bunge Limited intends to use the net proceeds from this offering to fund the purchase of the 2019 notes pursuant to the tender offer, commenced on September 4, 2018, and the subsequent redemption of any 8.50% senior notes due 2019 that remain outstanding following the completion of the tender offer, and to pay any related premiums, fees and expenses.

Bunge Limited is a leading global agribusiness and food company with integrated operations that stretch from the farm field to consumer foods.  A 100%-owned finance subsidiary of Bunge Limited, Bunge Limited Finance Corp. was formed for the sole purpose of issuing debt obligations, other than commercial paper, primarily in the U.S. markets and investing the proceeds of the issuances in a master trust structure that Bunge Limited created to centralize its financing operations.

The Shearman & Sterling team below was supported by associates Taylor Montgomery and Christian Vazquez (both New York-Corporate).

The Team