Shearman And Sterling

News August 17, 2020

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

Shearman & Sterling advised Bunge Limited and Bunge Limited Finance Corp. (BLFC) in connection with BLFC’s issuance and sale of $600 million 1.630 percent senior notes due 2025. The notes are guaranteed by Bunge Limited.

Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Credit Agricole Securities (USA) Inc. and SMBC Nikko Securities America, Inc. acted as joint book-running managers for the offering of senior notes. ABN AMRO Securities (USA) LLC, BNP Paribas Securities Corp., HSBC Securities (USA) Inc., ING Financial Markets LLC, Mizuho Securities USA LLC, Natixis Securities Americas LLC, Rabo Securities USA, Inc., SG Americas Securities, LLC, U.S. Bancorp Investments, Inc. and Wells Fargo Securities, LLC acted as senior co-managers for the offering of senior notes. ANZ Securities, Inc., Barclays Capital Inc., BB Securities Limited, BBVA Securities Inc., BMO Capital Markets Corp., BofA Securities, Inc., Commerz Markets LLC, Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., DZ Financial Markets LLC, ICBC Standard Bank Plc, Morgan Stanley & Co. LLC, PNC Capital Markets LLC, Scotia Capital (USA) Inc., Standard Chartered Bank, TD Securities (USA) LLC, Truist Securities, Inc., and UniCredit Capital Markets LLC acted as co-managers for the offering of senior notes.

Bunge Limited intends to use the net proceeds from the offering for general corporate purposes, including the repayment of certain short-term indebtedness.

Bunge Limited is a leading global agribusiness and food company with integrated operations that stretch from the farm field to consumer foods.  A 100 percent-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 Team