Bunge Prices $600 Million Of Senior Notes
June 5, 2009 (FinancialWire) — Bunge Ltd.’s (NYSE: BG) finance subsidiary has priced a public offering of $600 million of 8.50% senior notes due 2019. The notes will be guaranteed by Bunge.
J.P. Morgan Securities (NYSE: JPM), BNP Paribas Securities, HSBC Securities (NYSE: HBC) and RBS Securities (NYSE: RBS) are serving as joint book-running managers for the offering.
The transaction is scheduled to close on June 9. Bunge’s finance unit plans to use the net proceeds of this offering to repay existing indebtedness.
White Plains, New York-based Bunge is a global agribusiness and food company that supplies fertilizer to farmers in South America, originates, transports and processes oilseeds, grains and other agricultural commodities worldwide, produces food products for commercial customers and consumers and supplies raw materials and services to the biofuels industry.
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