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Bunge Global SA

06/16/2025 | Press release | Distributed by Public on 06/16/2025 14:34

Material Agreement, Financial Obligation (Form 8-K)

Item 1.01 Entry into Material Definitive Agreements
BLFC-JPM First Amended and Restated Revolving Credit Agreement
On June 11, 2025, Bunge Limited Finance Corp. ("BLFC"), a wholly owned subsidiary of Bunge Global SA ("Bunge"), amended BLFC's existing unsecured $3.2 billion 5-year U.S. Revolving Credit Agreement pursuant to the First Amended and Restated Revolving Credit Agreement (the "BLFC-JPM First Amended and Restated Revolving Credit Agreement") among BLFC, as borrower, JPMorgan Chase Bank, N.A., as administrative agent, Sumitomo Mitsui Banking Corporation, as syndication agent, Citibank, N.A. and Crédit Agricole Corporate and Investment Bank, as co-documentation agents, and certain lenders party thereto. Under the BLFC-JPM First Amended and Restated Revolving Credit Agreement, current commitments in the aggregate amount of $1.95 billion continue to be available to be drawn on and after March 1, 2024 and incremental commitments in the aggregate amount of $1.25 billion (collectively, the "Incremental Commitments") are available to be drawn on and after the date on which Bunge certifies that the applicable governmental authorities have approved Bunge's acquisition of Viterra Limited ("Viterra"). The Incremental Commitments are subject to cancellation with immediate effect under certain circumstances set forth in the BLFC-JPM First Amended and Restated Revolving Credit Agreement.
The obligations of BLFC under the BLFC-JPM First Amended and Restated Revolving Credit Agreement are guaranteed by Bunge pursuant to a separate First Amended and Restated Guaranty, dated as of June 11, 2025 (the "BLFC-JPM First Amended and Restated Guaranty").
BFE European Revolving Facility Agreement
On June 11, 2025, Bunge Finance Europe B.V. ("BFE"), a wholly owned subsidiary of Bunge, amended that certain accordion increase certificate, dated as of March 1, 2024, issued under its existing $1.75 billion 3-year unsecured European Revolving Facility Agreement (the "BFE European Revolving Facility Agreement"), pursuant to an amendment agreement (the "BFE Amendment Agreement") and amended and restated accordion increase certificate (as amended, the "BFE Amended and Restated Accordion Increase Certificate"). The BFE Amended and Restated Accordion Increase Certificate provides that additional commitments in an aggregate amount of $1.75 billion (collectively, the "Additional Commitments") shall become effective as of the date on which Bunge certifies that the applicable governmental authorities have approved Bunge's acquisition of Viterra (the "Accordion Increase Date"). On and after the Accordion Increase Date, the total commitments available under the BFE European Revolving Facility Agreement will be an aggregate amount of $3.5 billion. The Additional Commitments are subject to cancellation with immediate effect under certain circumstances set forth in the BFE Amended and Restated Accordion Increase Certificate. Following any cancellation of the Additional Commitments, the total commitments under the BFE European Revolving Facility Agreement would reduce to an aggregate amount of $1.75 billion and BFE's rights to exercise the accordion under the BFE European Revolving Facility Agreement would be reinstated in an aggregate amount of $1.75 billion.
The obligations of BFE under the BFE European Revolving Facility Agreement are guaranteed by Bunge pursuant to a separate Second Amended and Restated Guaranty, dated June 11, 2025 (as amended, the "BFE Second Amended and Restated Guaranty").
From time to time, certain of the lenders under the BLFC-JPM First Amended and Restated Revolving Credit Agreement and the BFE European Revolving Facility Agreement and/or their affiliates provide financial services to Bunge, BLFC, BFE and other subsidiaries of Bunge. These lenders, or their respective affiliates, have received, and may in the future receive, customary fees and expenses for those services.
The foregoing descriptions of the BLFC-JPM First Amended and Restated Revolving Credit Agreement, the BLFC-JPM First Amended and Restated Guaranty, the BFE Amendment Agreement, the BFE Amended and Restated Accordion Increase Certificate, and the BFE Second Amended and Restated Guaranty do not purport to be complete and are qualified in their entirety by reference to the full text of those documents included as Exhibits 10.1, 10.2, 10.3, 10.4 and 10.5, respectively, hereto, and incorporated herein by reference.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
The information set forth in Item 1.01 of this Current Report on Form 8-K is hereby incorporated by reference in this Item 2.03
Bunge Global SA published this content on June 16, 2025, and is solely responsible for the information contained herein. Distributed via SEC EDGAR on June 16, 2025 at 20:34 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at support@pubt.io