false
0001996862
0001996862
2024-09-10
2024-09-10
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C., 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event
reported): September 10, 2024
BUNGE GLOBAL SA
(Exact name of registrant as specified in its charter)
Switzerland |
000-56607 |
98-1743397 |
(State or other jurisdiction
of incorporation) |
(Commission
File Number) |
(I.R.S. Employer
Identification No.) |
Route de Florissant 13, |
|
1206 Geneva, Switzerland |
N/A |
(Address of registered office and principal
executive offices) |
(Zip Code) |
1391 Timberlake Manor Parkway |
|
Chesterfield, MO |
63017 |
(Address of corporate headquarters) |
(Zip Code) |
(314) 292-2000
(Registrant’s telephone number, including
area code)
Not Applicable
(Former name or former address, if changed
since last report)
Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
|
¨ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|
|
|
|
¨ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
|
|
|
|
¨ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
|
|
|
|
¨ |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant
to Section 12(b) of the Act:
Title of each
class |
|
Trading Symbol(s) |
|
Name of each
exchange on which registered |
Registered Shares, par value $0.01 per share |
|
BG |
|
New York Stock Exchange |
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ¨
If an emerging
growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any
new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Item 8.01 Other Events.
On September 10, 2024, Bunge Limited Finance
Corp. (“BLFC”), a 100%-owned finance subsidiary of Bunge Global SA (“Bunge”), and Bunge, as guarantor, entered
into an underwriting agreement with SMBC Nikko Securities America, Inc., BNP Paribas Securities Corp., BofA Securities, Inc., J.P. Morgan
Securities LLC and Mizuho Securities USA LLC, as representatives of the several underwriters (the “Underwriting Agreement”),
pursuant to which BLFC agreed to issue and sell three tranches of senior unsecured notes (collectively, the “Senior Notes”),
as follows: (i) $400 million aggregate principal amount of its 4.100% Senior Notes due 2028; (ii) $800 million aggregate principal
amount of its 4.200% Senior Notes due 2029; and (iii) $800 million aggregate principal amount of its 4.650% Senior Notes
due 2034, with each series of Senior Notes guaranteed by Bunge (the “Offering”).
The Offering is being made pursuant to a shelf
registration statement on Form S-3 dated September 9, 2024 (Registration No 333-282033) (the “Registration Statement”)
filed by Bunge and BLFC with the Securities and Exchange Commission. We intend to use the net proceeds from the Offering to fund a portion
of the cash consideration for our proposed acquisition (the “Acquisition”) of Viterra Limited (“Viterra”) and
to repay a portion of certain Viterra debt to be assumed in connection with the Acquisition, including, in each case, related fees and
expenses, and, with any remaining amounts, for general corporate purposes.
The Underwriting Agreement has been filed as Exhibit
1.1 to this Current Report on Form 8-K and is incorporated herein by reference. The foregoing description of the Underwriting Agreement
is qualified in its entirety by reference to the text of the Underwriting Agreement.
Bunge issued a press release announcing the pricing
of the Offering on September 10, 2024. A copy of the press release is filed as Exhibit 99.1 to this Current Report on Form 8-K and is
incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
Exhibit No. |
Description |
|
|
1.1 |
Underwriting Agreement, dated September 10, 2024, among
Bunge Limited Finance Corp., Bunge Global SA, SMBC Nikko Securities America, Inc., BNP Paribas Securities Corp., BofA Securities, Inc.,
J.P. Morgan Securities LLC and Mizuho Securities USA LLC |
|
|
99.1 |
Press Release, dated September 10, 2024, announcing the pricing of the Senior Notes |
|
|
104 |
Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements
of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.
|
BUNGE GLOBAL
SA |
|
|
|
Date: September 11, 2024 |
By: |
/s/ Lisa Ware-Alexander |
|
|
Lisa Ware-Alexander |
|
|
Secretary |
Exhibit 1.1
Execution Version
BUNGE LIMITED FINANCE CORP.
U.S.$400,000,000 4.100% SENIOR NOTES DUE 2028
U.S.$800,000,000 4.200% SENIOR NOTES DUE 2029
U.S.$800,000,000 4.650% SENIOR NOTES DUE 2034
Fully and Unconditionally Guaranteed by
BUNGE GLOBAL SA
UNDERWRITING AGREEMENT
September 10, 2024
September 10, 2024
SMBC Nikko Securities America, Inc.
277 Park Avenue, 5th Floor
New York, New York 10172
BNP Paribas Securities Corp.
787 Seventh Avenue
New York, New York 10019
BofA Securities, Inc.
One Bryant Park
New York, New York 10036
J.P. Morgan Securities LLC
383 Madison Avenue
New York, New York 10179
Mizuho Securities USA LLC
1271 Avenue of the Americas
New York, New York 10020
As representatives of the several Underwriters listed in Schedule
I hereto
Dear Sirs and Mesdames:
Bunge Limited Finance Corp., a Delaware corporation
(the “Company”), proposes to issue and sell to the several Underwriters listed in Schedule I hereto (collectively,
the “Underwriters”) (i) U.S.$400,000,000 aggregate principal amount of its 4.100% Senior Notes due 2028 (the
“2028 Securities”), (ii) U.S.$800,000,000 aggregate principal amount of its 4.200% Senior Notes due 2029 (the
“2029 Securities”) and (iii) U.S.$800,000,000 aggregate principal amount of its 4.650% Senior Notes due 2034
(the “2034 Securities” and together with the 2028 Securities and 2029 Securities, the “Securities”).
The Securities will be issued pursuant to the terms of an indenture to be dated as of September 17, 2024 (together with any supplemental
indenture pursuant to which each such series of Securities are issued, the “Indenture”), as may be amended or supplemented
from time to time, to be entered into by and among the Company, Bunge Global SA, a stock corporation (Aktiengesellschaft) incorporated
under Swiss law (the “Guarantor”), and U.S. Bank National Association, as trustee (the “Trustee”),
and will be fully and unconditionally guaranteed by the Guarantor (the “Guarantee”).
As described in the General Disclosure Package
and the Prospectus (each as defined herein), on June 13, 2023, the Guarantor entered into a business combination agreement (the
“Business Combination Agreement”) with Viterra Limited, a Jersey company (“Viterra”), and Danelo
Limited, a private company incorporated in Jersey, CPPIB Monroe Canada, Inc., a company incorporated in Canada, Venus Investment
Limited Partnership, a limited partnership formed under the laws of the Province of Manitoba, Canada and Ocorian Limited, a private company
incorporated in Jersey, solely in its capacity as trustee of the Viterra Employee Benefit Trust (collectively, the “Sellers”),
to acquire Viterra as a wholly-owned subsidiary.
For purposes of this Underwriting Agreement (the
“Agreement”):
“430B Information” means information
included in a prospectus then deemed to be a part of the Registration Statement pursuant to Rule 430B(e) or then deemed to
be a part of the Registration Statement pursuant to Rule 430B(f).
“430C Information” means information
included in a prospectus then deemed to be a part of the Registration Statement pursuant to Rule 430C.
“Act” means the Securities
Act of 1933, as amended.
“Anti-Corruption Laws” means
all laws, rules and regulations of any jurisdiction applicable to the Guarantor or its subsidiaries from time to time concerning
or relating to bribery or corruption.
“Applicable Time” means 5:30
p.m. (Eastern time) on the date of this Agreement.
“Closing Date” has the meaning
defined in Section 4 hereof.
“Commission” means the U.S.
Securities and Exchange Commission.
“Effective Time” of the Registration
Statement relating to the Securities means the date and time as of which the Registration Statement became effective upon filing pursuant
to Rule 462(e).
“Exchange Act” means the Securities
Exchange Act of 1934, as amended.
“General Use Issuer Free Writing Prospectus”
means any Issuer Free Writing Prospectus that is intended for general distribution to prospective investors, as evidenced by its being
so specified in Schedule II to this Agreement.
“Issuer Free Writing Prospectus”
means (a) any “issuer free writing prospectus,” as defined in Rule 433 under the Act, relating to the Securities
and the Guarantee in the form filed or required to be filed with the Commission or, if not required to be filed, in the form retained
in the Company’s records pursuant to Rule 433(g) under the Act, and (b) any Limited Use Issuer Free Writing Prospectus
to the extent not otherwise an “issuer free writing prospectus” as defined in Rule 433 under the Act.
“Limited Use Issuer Free Writing Prospectus”
means (a) any Issuer Free Writing Prospectus that is not a General Use Issuer Free Writing Prospectus, and (b) the electronic
road show presented on September 10, 2024, whether or not an “issuer free writing prospectus” as defined in Rule 433
under the Act.
“Prospectus” means the Statutory
Prospectus or “final prospectus supplement” that discloses the public offering price, other 430B Information and other final
terms of the Securities and otherwise satisfies Section 10(a) of the Act.
“Responsible Officer” means,
as to any person, any member of the Board of Directors, the Chief Executive Officer, the President, the Chief Financial Officer, the
Treasurer or any Vice President of such person or any other officer of such person customarily performing functions similar to those
performed by any of the above-designated officers.
“Restricted Party” means any
person listed (a) in the Annex to the Executive Order, (b) on the “Specially Designated Nationals and Blocked Persons”
list maintained by OFAC or (c) in any successor list to either of the foregoing.
“Restricted
Person” means a person that is (a) listed on, or owned 50% or more by or controlled by a person listed on any applicable
Sanctions List; or (b) located in, incorporated under the laws of, or owned or controlled by, or acting on behalf of, a person located
in or organized under the laws of a country or territory that is the target of any applicable country-wide Sanctions. For the purposes
of this definition, “control” means the possession of the power to direct or cause the direction of the management or policies
of a person, whether through the ability to exercise voting power, by contract or otherwise. The term “controlled” has the
meaning correlative thereto.
“Rules and Regulations”
means the rules and regulations of the Commission.
“Sanctions” means any applicable
economic sanctions laws, regulations, embargoes or restrictive measures administered, enacted or enforced by (a) the United States
government, (b) the United Nations, (c) the European Union, (d) the United Kingdom, (e) the relevant authorities
of Switzerland or (f) the respective governmental institutions and agencies of any of the foregoing, including without limitation,
the Office of Foreign Assets Control of the U.S. Department of the Treasury (“OFAC”), the United States Department
of State and His Majesty’s Treasury (together, “Sanctions Authorities”).
“Sanctions List” means the
“Specially Designated Nationals and Blocked Persons” list issued by OFAC, the Consolidated List of Financial Sanctions Targets
issued by His Majesty’s Treasury, or any similar applicable list issued or maintained or made public by any of the Sanctions Authorities.
“Statutory Prospectus” with
reference to any particular time means the prospectus relating to the Securities that is included in the Registration Statement immediately
prior to that time, including all 430B Information and all 430C Information with respect to the Registration Statement. For purposes
of the foregoing definition, 430B Information shall be considered to be included in the Statutory Prospectus only as of the actual
time that form of prospectus (including a prospectus supplement) is filed with the Commission pursuant to Rule 424(b) and not
retroactively.
Unless otherwise specified, a reference to a “rule”
is to the indicated rule under the Act.
1. Representations
and Warranties of the Company and the Guarantor. The Company and the Guarantor jointly and severally represent and warrant to and
agree with each of the Underwriters that:
(a) The
Company and the Guarantor have filed with the Commission registration statement No. 333-282003 on Form S-3, including a related
prospectus or prospectuses, covering the registration of, among others, the Securities under the Act, which has become effective, and,
to the knowledge of the Company and the Guarantor, no stop order suspending effectiveness of the registration statement is in effect,
and no proceedings for such purposes are pending before or threatened by the Commission. “Registration Statement”
at any particular time means such registration statement in the form then filed with the Commission, including any amendment thereto,
any document incorporated by reference therein and all 430B Information and all 430C Information with respect to such registration statement,
that in any case has not been superseded or modified. “Registration Statement” without reference to a time means the
Registration Statement as of the Effective Time. For purposes of this definition, 430B Information shall be considered to be included
in the Registration Statement as of the time specified in Rule 430B.
(b) (i) (A) At
the time the Registration Statement initially became effective, (B) at the Applicable Time relating to the Securities and (C) on
the Closing Date, the Registration Statement conformed and will conform in all material respects to the requirements of the Act and the
Rules and Regulations and did not and will not include any untrue statement of a material fact or omit to state any material fact
required to be stated therein or necessary to make the statements therein not misleading and (ii) (A) on its date, (B) at
the time of filing the Prospectus pursuant to Rule 424(b) and (C) on the Closing Date, the Prospectus will conform in
all material respects to the requirements of the Act and the Rules and Regulations, and will not include any untrue statement of
a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading.
The preceding sentence does not apply to statements in or omissions from any such document based upon written information furnished to
the Guarantor by the Underwriters specifically for use therein, it being understood and agreed that the only such information is that
described as such in Section 7(b) hereof.
(c) (i) (A)
At the time of initial filing of the Registration Statement, (B) at the time of the most recent amendment thereto for the purposes
of complying with Section 10(a)(3) of the Act (whether such amendment was by post-effective amendment, incorporated report
filed pursuant to Section 13 or 15(d) of the Exchange Act or form of prospectus), and (C) at the time any of the Company,
the Guarantor or any person acting on their behalf (within the meaning, for this clause only, of Rule 163(c)) made any offer relating
to the Securities in reliance on the exemption of Rule 163, the Guarantor was a “well known seasoned issuer” as defined
in Rule 405, and the Guarantor was not and is not an “ineligible issuer” in connection with the offering pursuant to
Rules 164, 405 and 433; (ii) the Registration Statement is an “automatic shelf registration statement,” as defined
in Rule 405; (iii) neither the Company nor the Guarantor has received from the Commission any notice pursuant to Rule 401(g)(2) objecting
to use of the automatic shelf registration statement form; and (iv) the Company and the Guarantor shall pay the required Commission
filing fees relating to the Securities within the time required by Rule 456(b)(1) and otherwise in accordance with Rules 456(b) and
457(r).
(d) As
of the Applicable Time, neither (i) the General Use Issuer Free Writing Prospectus(es) issued at or prior to the Applicable Time,
if any, and the preliminary prospectus supplement, dated September 10, 2024, including the base prospectus dated September 9,
2024, as amended (the “Preliminary Prospectus Supplement”), and the other information, if any, stated in Schedule
II to this Agreement to be included in the General Disclosure Package, all considered together (collectively, the “General Disclosure
Package”), nor (ii) any individual Limited Use Issuer Free Writing Prospectus, when considered together with the General
Disclosure Package, included any untrue statement of a material fact or omitted to state any material fact necessary in order to make
the statements therein, in the light of the circumstances under which they were made, not misleading. The preceding sentence does not
apply to statements in or omissions from the Preliminary Prospectus Supplement, any Issuer Free Writing Prospectus or any other information
stated in Schedule II to this Agreement in reliance upon and in conformity with written information furnished to the Guarantor by the
Underwriters specifically for use therein, it being understood and agreed that the only such information furnished by any Underwriter
consists of the information described as such in Section 7(b) hereof.
(e) Each
Issuer Free Writing Prospectus, as of its issue date and at all subsequent times through the completion of the public offer and sale
of the Securities or until any earlier date that the Company or the Guarantor notified or notify the Underwriters as described in the
next sentence, did not, does not and will not include any information that conflicted, conflicts or will conflict with the information
then contained in the Registration Statement. If at any time following issuance of an Issuer Free Writing Prospectus there occurred or
occurs an event or development as a result of which such Issuer Free Writing Prospectus conflicted or would conflict with the information
then contained in the Registration Statement or as a result of which such Issuer Free Writing Prospectus, if republished immediately
following such event or development, would include an untrue statement of a material fact or omitted or would omit to state a material
fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading,
(i) the Company or the Guarantor have promptly notified or will promptly notify the Underwriters and (ii) the Company and the
Guarantor have promptly amended or will promptly amend or supplement such Issuer Free Writing Prospectus to eliminate or correct such
conflict, untrue statement or omission.
(f) Each
of the Company and the Guarantor has been duly formed or incorporated, as applicable, is validly existing in good standing under the
laws of the jurisdiction of its incorporation, has the corporate power and authority to execute and deliver this Agreement, the Indenture
(including the Guarantee set forth therein) and, in the case of the Company, the Securities, to perform its obligations hereunder, to
own its property and to conduct its business as described in the General Disclosure Package and is duly qualified to transact business
and is in good standing in each jurisdiction in which the conduct of its business or its ownership or leasing of property requires such
qualification, except to the extent that the failure to be so qualified or be in good standing would not have a material adverse effect
on the Guarantor and its subsidiaries, taken as a whole.
(g) Each
significant subsidiary of the Guarantor (as such term is defined in Rule 1-02 of Regulation S-X, a “Significant Subsidiary”)
has been duly incorporated, is validly existing as a company and, if applicable, is in good standing under the laws of the jurisdiction
of its incorporation, has the corporate power and authority to own its property and to conduct its business as described in the General
Disclosure Package and is duly qualified to transact business and is in good standing in each jurisdiction in which the conduct of its
business or its ownership or leasing of property requires such qualification, except to the extent that the failure to be so qualified
or be in good standing would not have a material adverse effect on the Guarantor and its subsidiaries, taken as a whole; all of the outstanding
capital stock of the Company and the issued shares of capital stock of each Significant Subsidiary of the Guarantor have been duly and
validly authorized and issued, and, in the case of the capital stock, are fully paid and non-assessable and, except as described in the
General Disclosure Package and to the extent disclosed in the General Disclosure Package, are owned directly or indirectly by the Guarantor,
free and clear of all liens, encumbrances, equities or claims. As of December 31, 2023, the Significant Subsidiaries of the Guarantor
consist of Bunge Alimentos S.A., Koninklijke Bunge B.V., Bunge Holdings B.V., Bunge Brasil Holdings B.V., Bunge S.A., Bunge North America, Inc.,
Bunge Canada Investments, Inc., Bunge N.A. Holdings, Inc., Bunge Holdings North America, Inc. and Bunge Corporation Ltd.
(h) This
Agreement has been duly authorized, executed and delivered by the Company and the Guarantor.
(i) The
Indenture has been duly qualified under the Trust Indenture Act and has been duly authorized, executed and delivered by the Company and
the Guarantor and, when duly executed and delivered by each of the other parties thereto, will be a valid and binding agreement of, the
Company and the Guarantor, enforceable against the Company and the Guarantor in accordance with its terms, subject to applicable bankruptcy,
insolvency, reorganization, moratorium, fraudulent conveyance or similar laws affecting the enforcement of creditors’ rights generally
or by general principles of equity (regardless of whether enforceability is considered in a proceeding at law or in equity).
(j) The
Securities have been duly authorized by the Company and, when duly executed and authenticated, issued and delivered in accordance with
the provisions of the Indenture and delivered to and paid for by the Underwriters in accordance with the terms of this Agreement, will
be valid and binding obligations of the Company, enforceable against the Company in accordance with its terms, subject to applicable
bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance or similar laws affecting the enforcement of creditors’
rights generally or by general principles of equity (regardless of whether enforceability is considered in a proceeding at law or in
equity).
(k) The
Guarantee, forming part of the Indenture, has been duly authorized by the Guarantor and, when the Securities have been duly executed,
authenticated, issued and delivered as provided in the Indenture and paid for as provided herein, will constitute a valid and binding
obligation of the Guarantor, enforceable against the Guarantor in accordance with its terms, subject to applicable bankruptcy, insolvency
reorganization, moratorium, fraudulent conveyance or similar laws affecting the enforcement of creditors’ rights generally or by
general principles of equity (regardless of whether enforceability is considered in a proceeding at law or in equity).
(l) The
authorized share capital of the Guarantor conforms as to legal matters in all material respects to the description thereof contained
in each of the General Disclosure Package and the Prospectus.
(m) The
execution and delivery by each of the Company and the Guarantor of, and the performance by each of the Company and the Guarantor of its
obligations under, this Agreement, and the Indenture and the execution and delivery by the Company of, and the performance by the Company
of its obligations under, the Securities, will not contravene any provision of applicable law or the certificate of incorporation and
by-laws of the Company, the articles of association or organizational regulations of the Guarantor, or other organizational documents
or any agreement or other instrument binding upon the Company or the Guarantor or any of its subsidiaries that is material to the Guarantor
and its subsidiaries, taken as a whole, or any judgment, order or decree of any governmental body, agency or court having jurisdiction
over the Company, the Guarantor or any subsidiary, or result in the creation or imposition of any lien, charge or encumbrance upon any
property or assets of the Company or the Guarantor or any of its subsidiaries that are material to the Guarantor and its subsidiaries
taken as a whole, and no consent, approval, authorization or order of, or qualification with, any governmental body or agency is required
for the performance by each of the Company or the Guarantor of its obligations under this Agreement and the Indenture and the Company
of its obligations under the Securities, except such as have already been obtained or filings to be made in Switzerland prior to the
Closing Date or as may be required by the securities or Blue Sky laws of the various states in connection with the offer and sale of
the Securities.
(n) Neither
the Company nor the Guarantor is (i) in violation of (A) any provision of applicable law, which violation is material to the
Guarantor and its subsidiaries taken as a whole or (B) their respective certificate of incorporation or articles of association,
as the case may be, organizational regulations, bye-laws or other organizational documents, (ii) in breach or violation of, or default
under, any agreement, indenture, mortgage, deed of trust, loan agreement or other instrument binding upon the Company or the Guarantor
or any of its subsidiaries, which is material to the Guarantor and its subsidiaries taken as a whole, or (iii) in violation of any
judgment, order or decree of any governmental body, agency or court having jurisdiction over the Company or the Guarantor or any of its
subsidiaries, which violation is material to the Guarantor and its subsidiaries taken as a whole.
(o) The
consolidated financial statements of the Guarantor and the related notes thereto included and incorporated by reference in each of the
General Disclosure Package and the Prospectus present fairly, in all material respects, the consolidated financial position of the Guarantor
as of the dates indicated and its consolidated results of operations and cash flows for the periods specified, and such financial statements
have been prepared in conformity with generally accepted accounting principles in the United States (“U.S. GAAP”)
applied on a consistent basis throughout the periods covered thereby; and the other financial information relating to the Guarantor and
its Significant Subsidiaries included or incorporated by reference in each of the General Disclosure Package and the Prospectus has been
derived from the accounting records of the Guarantor and its Significant Subsidiaries and presents fairly, in all material respects,
the information shown thereby; the pro forma financial information included or incorporated by reference in each of the General Disclosure
Package and the Prospectus fairly presents in all material respects the information contained therein and have been properly presented
on the bases described therein, and the assumptions used in the preparation thereof are reasonable and the adjustments used therein are
appropriate to give effect to the transactions and circumstances referred to therein, the pro forma financial information included or
incorporated by reference in each of the General Disclosure Package and the Prospectus comply as to form with the applicable accounting
requirements of Regulation S X under the Act and the pro forma adjustments have been properly applied to the historical amounts in the
compilation of those statements.
(p) There
has not occurred any material adverse change, or any development involving a prospective material adverse change, in the condition, financial
or otherwise, or in the earnings, business or operations of the Guarantor and its subsidiaries, taken as a whole, from that set forth
in the General Disclosure Package.
(q) There
are no legal or governmental proceedings pending or, to the knowledge of the Company or the Guarantor, threatened to which the Company,
the Guarantor or any of its subsidiaries is a party or to which any of the properties of the Company, the Guarantor or any of its subsidiaries
is subject that are required to be described in the Registration Statement or the Prospectus and are not so described or any statutes,
regulations, contracts or other documents that are required to be described in the Registration Statement or the Prospectus or to be
filed as exhibits to the Registration Statement that are not described or filed as required.
(r) Each
preliminary prospectus filed as part of the registration statement as originally filed or as part of any amendment thereto, or filed
pursuant to Rule 424 under the Securities Act, complied when so filed in all material respects with the Securities Act and the applicable
rules and regulations of the Commission thereunder.
(s) The
documents incorporated by reference in the Registration Statement, when filed with the Commission, conformed or will conform, as the
case may be, in all material respects with the requirements of the Exchange Act and did not and will not contain an untrue statement
of material fact or omit to state a material fact required to be stated therein or necessary in order to make the statements therein,
in the light of the circumstances under which they were made, not misleading.
(t) Neither
the Company nor the Guarantor is, and after giving effect to the offering and sale of the Securities and the application of the proceeds
thereof as described in the Prospectus will be, required to register as an “investment company” as such term is defined in
the Investment Company Act of 1940, as amended.
(u) Except
as described in each of the General Disclosure Package and the Prospectus, the Guarantor and its Significant Subsidiaries (i) are
in compliance with any and all applicable foreign, federal, state and local laws and regulations relating to the protection of human
health and safety, the environment or hazardous or toxic substances or wastes, pollutants or contaminants (“Environmental Laws”),
(ii) have received all permits, licenses or other approvals required of them under applicable Environmental Laws to conduct their
respective businesses and (iii) are in compliance with all terms and conditions of any such permit, license or approval, except
in any such case for any failure to comply or violations, or failure to receive required permits, licenses or other approvals as would
not, singly or in the aggregate, have a material adverse effect on the Guarantor and its subsidiaries, taken as a whole.
(v) To
the knowledge of the Guarantor, there are no costs or liabilities associated with Environmental Laws (including, without limitation,
any capital or operating expenditures required for clean-up, closure of properties or compliance with Environmental Laws or any permit,
license or approval, any related constraints on operating activities and any potential liabilities to third parties) which would, individually
or in the aggregate, have a material adverse effect on the Guarantor and its subsidiaries, taken as a whole.
(w) The
Company (i) is, to the extent applicable, in compliance with Sanctions and (ii) is not, and no director or senior officer of
the Company is, any of the following: (A) a Restricted Person; (B) a person owned 50% or more or controlled by, or acting on
behalf of, any Restricted Person; or (C) a person that commits, threatens or conspires to commit or support “terrorism”
as defined in Executive Order No. 13224 of September 23, 2011 – Blocking Property and Prohibiting Transactions With Persons
Who Commit, Threaten To Commit, or Support Terrorism (the “Executive Order”).
(x) To
the best knowledge of the Responsible Officers of the Guarantor, the Guarantor and its subsidiaries are, to the extent applicable, in
compliance in all material respects with Sanctions.
(y) To
the best of the knowledge of the Responsible Officers of the Guarantor, the Guarantor is not, and no subsidiary and no director or senior
officer of the Guarantor or any subsidiary is, any of the following: (A) a Restricted Party, (B) a person owned 50% or more
or controlled by or acting on behalf of, any Restricted Party; or (C) a person that commits, threatens or conspires to commit or
support “terrorism” as defined in the Executive Order.
(z) The
Guarantor has implemented and maintains in effect policies and procedures designed to promote compliance by the Guarantor, its subsidiaries
and their respective directors, officers and employees with applicable Anti-Corruption Laws and Sanctions.
(aa) Except
as described in each of the General Disclosure Package and the Prospectus, there are no contracts, agreements or understandings between
the Guarantor and any person granting such person the right to require the Guarantor to file a registration statement under the Securities
Act with respect to any securities of the Guarantor or to require the Guarantor to include such securities with the Securities registered
pursuant to the Registration Statement.
(bb) Subsequent
to the respective dates as of which information is given in the Registration Statement, the General Disclosure Package and the Prospectus,
(i) the Guarantor and its subsidiaries have not incurred any material liability or obligation, direct or contingent, nor entered
into any material transaction not in the ordinary course of business; (ii) the Guarantor has not purchased any of its issued and
outstanding common shares, nor declared, paid or otherwise made any dividend or distribution of any kind on its share capital other than
ordinary and customary dividends; and (iii) there has not been any material change in the share capital, short-term debt or long-term
debt of the Guarantor and its subsidiaries, except in each case as described in the General Disclosure Package and the Prospectus.
(cc) Each
of the Company, the Guarantor and the Significant Subsidiaries have good and marketable title in fee simple to all real property and
good and marketable title to all personal property owned by them which is material to the business of the Guarantor and its subsidiaries,
in each case free and clear of all liens, encumbrances and defects except such as are described in the General Disclosure Package and
the Prospectus or such as do not materially affect the value of such property and do not interfere with the use made and proposed to
be made of such property by the Company, the Guarantor and the Significant Subsidiaries; any real property and buildings held under lease
by the Company, the Guarantor and the Significant Subsidiaries are held by them under valid, subsisting and enforceable leases with such
exceptions as are not material and do not interfere with the use made and proposed to be made of such property and buildings by the Company,
the Guarantor and the Significant Subsidiaries, in each case except as described in the General Disclosure Package and the Prospectus.
(dd) Each
of the Company, the Guarantor and the Significant Subsidiaries owns or possesses, or can acquire on reasonable terms, all material patents,
patent rights, licenses, inventions, copyrights, know-how (including trade secrets and other unpatented and/or unpatentable proprietary
or confidential information, systems or procedures), trademarks, service marks and trade names currently employed by them in connection
with the business now operated by them, and none of the Company, the Guarantor or any of the Significant Subsidiaries has received any
notice of infringement of or conflict with asserted rights of others with respect to any of the foregoing which, individually or in the
aggregate, if the subject of an unfavorable decision, ruling or finding, would have a material adverse effect on the Guarantor and its
subsidiaries, taken as a whole.
(ee) No
material labor dispute with the employees of the Guarantor or any of the Significant Subsidiaries exists, or, to the knowledge of the
Guarantor, is imminent, except as described in the General Disclosure Package and the Prospectus; and the Guarantor is not aware of any
existing, threatened or imminent labor disturbance by the employees of any of its principal suppliers, manufacturers or contractors that
could have a material adverse effect on the Guarantor and its subsidiaries, taken as a whole.
(ff) The
Guarantor and each of the Significant Subsidiaries are insured by insurers of recognized financial responsibility against such losses
and risks and in such amounts as are prudent and customary in the businesses in which they are engaged; neither the Guarantor nor any
of its Significant Subsidiaries has been refused any insurance coverage sought or applied for; and neither the Guarantor nor any of its
Significant Subsidiaries has any reason to believe that it will not be able to renew its existing insurance coverage as and when such
coverage expires or to obtain similar coverage from similar insurers as may be necessary to continue its business at a cost that would
not have a material adverse effect on the Guarantor and its subsidiaries, taken as a whole, except as described in the General Disclosure
Package and the Prospectus.
(gg) Each
of the Company, the Guarantor and the Significant Subsidiaries possesses all licenses, certificates, authorizations and permits issued
by the appropriate federal, state or foreign regulatory authorities necessary to conduct their respective businesses, and none of the
Company, the Guarantor or any of its Significant Subsidiaries has received any notice of proceedings relating to the revocation or modification
of any such license, certificate, authorization or permit which, singly or in the aggregate, if the subject of an unfavorable decision,
ruling or finding, would have a material adverse effect on the Guarantor and its subsidiaries, taken as a whole, except as described
in the General Disclosure Package and the Prospectus.
(hh) The
Guarantor and each of the Significant Subsidiaries maintain a system of internal accounting controls sufficient to provide reasonable
assurance that (i) transactions are executed in accordance with management’s general or specific authorizations; (ii) transactions
are recorded as necessary to permit preparation of financial statements in conformity with U.S. generally accepted accounting principles
and to maintain asset accountability; (iii) access to assets is permitted only in accordance with management’s general or
specific authorization; and (iv) the recorded accountability for assets is compared with the existing assets at reasonable intervals
and appropriate action is taken with respect to any differences.
(ii) Deloitte &
Touche LLP, who have certified certain consolidated financial statements of the Guarantor, are independent public accountants with respect
to the Guarantor and its subsidiaries within the meaning of Rule 101 of the Code of Professional Conduct of the American Institute
of Certified Public Accountants (“AICPA”) and its interpretations and rulings thereunder.
(jj) Deloitte
LLP, who have certified certain consolidated financial statements of Viterra, are, to the knowledge of the Guarantor, independent certified
public accountants with respect to Viterra and its subsidiaries under the “Independence Rule” of the AICPA’s Code of
Professional Conduct and its interpretations and rulings thereunder.
(kk) The
Business Combination Agreement has been duly authorized, executed and delivered by the Guarantor and, to the knowledge of the Guarantor,
by Viterra and each of the Sellers, and the Business Combination Agreement is a valid and binding obligation of the Guarantor, enforceable
against the Guarantor and, to the knowledge of the Guarantor, is a valid and binding obligation of Viterra and each of the Sellers enforceable
against Viterra and each of the Sellers, in each case in accordance with its terms, subject to applicable bankruptcy, insolvency reorganization,
moratorium, fraudulent conveyance or similar laws affecting the enforcement of creditors’ rights generally or by general principles
of equity (regardless of whether enforceability is considered in a proceeding at law or in equity).
(ll)
To the knowledge of the Guarantor, the representations and
warranties of Viterra and the Sellers contained in the Business Combination Agreement (as qualified therein and in the disclosure
schedules thereto) are true and correct in all material respects as of the date hereof (or, if any such representations or
warranties are qualified by materiality, material adverse effect or similar language, true and correct in all respects).
2. Agreements
to Sell and Purchase. The Company hereby agrees to sell to the several Underwriters, and each Underwriter, upon the basis of the
representations and warranties herein contained, but subject to the conditions hereinafter stated, agrees, severally and not jointly,
to purchase from the Company, (i) the principal amount of the 2028 Securities set forth in Schedule I hereto opposite its name at
a purchase price (the “2028 Securities Purchase Price”) of 99.515% of the principal amount thereof plus accrued interest,
if any, from September 17, 2024 to the Closing Date (as defined in Section 4), (ii) the principal amount of the 2029 Securities
set forth in Schedule I hereto opposite its name at a purchase price (the “2029 Securities Purchase Price”) of 99.288%
of the principal amount thereof plus accrued interest, if any, from September 17, 2024 to the Closing Date (as defined in Section 4),
and (iii) the principal amount of the 2034 Securities set forth in Schedule I hereto opposite its name at a purchase price (the
“2034 Securities Purchase Price”) of 99.034% of the principal amount thereof plus accrued interest, if any, from September 17,
2024 to the Closing Date (as defined in Section 4). The 2028 Securities Purchase Price, the 2029 Securities Purchase Price and the
2034 Securities Purchase Price are referred to herein collectively as the “Purchase Price.”
Each of the Company and the Guarantor hereby agree
that during the period from the date hereof through and including September 17, 2024, the Company and the Guarantor will not, without
the prior written consent of the Underwriters, offer, sell, contract to sell or otherwise dispose of any debt securities issued or guaranteed
by the Company or the Guarantor and having a tenor of more than one year.
3. Terms
of Public Offering. The Company is advised by you that the Underwriters propose to make a public offering of their respective portions
of the Securities as soon after this Agreement has become effective as in your judgment is advisable. The Company is further advised
by you that the Securities are to be offered to the public upon the terms set forth in the Prospectus.
4. Payment
and Delivery. The Company will deliver against payment of the Purchase Price the Securities in the form of permanent global securities
(the “Global Securities”) deposited with the Trustee as custodian for The Depository Trust Company (“DTC”)
and registered in the name of Cede & Co., as nominee for DTC. Interests in any permanent Global Securities will be held only
in book-entry form through DTC, except in the limited circumstances described in the General Disclosure Package. Payment for the 2028
Securities, 2029 Securities and 2034 Securities shall be made by the Underwriters in immediately available funds by wire transfer to
an account specified by the Company drawn to the order of the Company at the office of Davis Polk & Wardwell LLP, 450 Lexington
Avenue, New York, NY 10017, at 9:00 A.M. (New York time) on September 17, 2024, or at such other time not later than seven
full business days thereafter as the Underwriters, the Company and the Guarantor determine, such time being referred to as the “Closing
Date,” against delivery to the Trustee as custodian for DTC of the Global Securities representing all of the 2028 Securities,
2029 Securities and 2034 Securities. The Global Securities will be made available to Davis Polk & Wardwell LLP for checking
prior to the Closing Date.
5. Conditions
to the Underwriters’ Obligations. The obligations of each of the Underwriters are subject to the following conditions:
(a) Subsequent
to the execution and delivery of this Agreement and prior to the Closing Date:
(i) there
shall not have occurred any downgrading, nor shall any notice have been given of any intended or potential downgrading or of any review
for a possible change that does not indicate the direction of the possible change, in the rating accorded any of the securities of the
Company or the Guarantor by any “nationally recognized statistical rating organization,” as such term as defined in Section 3(a)(62)
of the Exchange Act; and
(ii) there
shall not have occurred any change, or any development involving a prospective change, in the condition, financial or otherwise, or in
the earnings, business or operations of the Guarantor and its subsidiaries, taken as a whole, from that set forth in the General Disclosure
Package on the date of this Agreement that, in your judgment, is material and adverse and that makes it, in your judgment, impracticable
to market the Securities on the terms and in the manner contemplated in the General Disclosure Package.
(b) The
Underwriters shall have received on the Closing Date certificates, dated the Closing Date and signed by an executive officer of each
of the Company and the Guarantor, to the effect set forth in Section 5(a)(i) above and to the effect that the representations
and warranties of the Company and the Guarantor contained in this Agreement are true and correct as of the Closing Date and that the
Company and the Guarantor have complied with all of the agreements and satisfied all of the conditions on its part to be performed or
satisfied hereunder on or before the Closing Date.
The officers signing and delivering
such certificate may rely upon the best of his or her knowledge as to proceedings threatened.
(c) The
Underwriters shall have received on the Closing Date an opinion of Homburger AG, special Swiss counsel for the Guarantor, dated the Closing
Date, in substantially the form attached hereto as Exhibit B.
(d) The
Underwriters shall have received on the Closing Date an opinion of Jones Day, special U.S. counsel for the Company and the Guarantor,
dated the Closing Date, in substantially the form attached hereto as Exhibit C.
(e) The
Underwriters shall have received on the Closing Date an opinion of Joseph Podwika, Chief Legal Officer for the Guarantor, dated the Closing
Date, in substantially the form attached hereto as Exhibit D.
(f) The
Underwriters shall have received on the Closing Date an opinion of Davis Polk & Wardwell LLP, counsel for the Underwriters,
dated the Closing Date, with respect to this Agreement, the General Disclosure Package and the Prospectus.
Jones Day and Davis Polk &
Wardwell LLP may state that their opinion and belief are based upon their review or participation in the preparation of the Registration
Statement, the General Disclosure Package and the Prospectus and any amendments or supplements thereto and documents incorporated therein
by reference and review and discussion of the contents thereof, but are without independent check or verification, except as specified.
The opinions of Homburger AG, Jones
Day and Joseph Podwika as described in Sections 5(c), (d) and (e) above, shall each be rendered to the Underwriters
at the request of the Company and the Guarantor and shall so state therein.
(g) The
Underwriters shall have received, on each of the date hereof and the Closing Date, letters dated the date hereof or the Closing Date,
as the case may be, in form and substance satisfactory to the Underwriters, from each of (i) Deloitte & Touche LLP, independent
public accountants for the Guarantor, and (ii) Deloitte LLP, independent public accountants for Viterra, containing statements and
information of the type ordinarily included in accountants’ “comfort letters” to underwriters with respect to the financial
statements and certain financial information contained in the Registration Statement, the General Disclosure Package and the Prospectus;
provided that the letters delivered on the Closing Date shall use a “cut-off date” not earlier than the date hereof.
6. Covenants
of the Company and the Guarantor. The Company and the Guarantor jointly and severally covenant with each Underwriter as follows:
(a) The
Company and the Guarantor have filed or will file each Statutory Prospectus (including the Prospectus) pursuant to and in accordance
with Rule 424(b). The Company and the Guarantor have complied and will comply with Rule 433.
(b) The
Company or the Guarantor will promptly advise the Underwriters of any proposal to amend or supplement the Registration Statement or any
Statutory Prospectus at any time and will offer the Underwriters a reasonable opportunity to comment on any such amendment or supplement;
and the Company or the Guarantor will also advise the Underwriters promptly of (i) the filing of any such amendment or supplement,
(ii) any request by the Commission or its staff for any amendment to the Registration Statement, for any supplement to any Statutory
Prospectus or for any additional information, (iii) the institution by the Commission of any stop order proceedings in respect of
the Registration Statement or the threatening of any proceeding for that purpose, and (iv) the receipt by the Company of any notification
with respect to the suspension of the qualification of the Securities in any jurisdiction or the institution or threatening of any proceedings
for such purpose. Each of the Company and the Guarantor will use its best efforts to prevent the issuance of any such stop order or the
suspension of any such qualification and, if issued, to obtain as soon as possible the withdrawal thereof.
(c) Upon
request, to furnish to the Underwriters, without charge, a signed copy of the Registration Statement (including exhibits thereto) and
to furnish to the Underwriters in New York City, without charge, promptly following the date of this Agreement, as many copies of the
Prospectus and any supplements and amendments thereto or to the Registration Statement as the Underwriters may reasonably request.
(d) To
furnish to the Underwriters a copy of each proposed free writing prospectus to be prepared by or on behalf of, used by, or referred to
by the Company and the Guarantor and not to use or refer to any proposed free writing prospectus to which you reasonably object.
(e) Not
to take any action that would result in an Underwriter or the Company being required to file with the Commission pursuant to Rule 433(d) under
the Securities Act a free writing prospectus prepared by or on behalf of the Underwriter that the Underwriter otherwise would not have
been required to file thereunder.
(f) If
the General Disclosure Package is being used to solicit offers to buy the Securities at a time when the Prospectus is not yet available
to prospective purchasers and any event shall occur or condition exist as a result of which it is necessary to amend or supplement the
General Disclosure Package in order to make the statements therein, in the light of the circumstances, not misleading, or if any event
shall occur or condition exist as a result of which the General Disclosure Package conflicts with the information contained in the Registration
Statement then on file, or if, in the reasonable opinion of counsel for the Underwriters, it is necessary to amend or supplement the
General Disclosure Package to comply with applicable law, forthwith to prepare, file with the Commission and furnish, at its own expense,
to the Underwriters and to any dealer upon request, either amendments or supplements to the General Disclosure Package so that the statements
in the General Disclosure Package as so amended or supplemented will not, in the light of the circumstances under which they were made
when delivered to a prospective purchaser, be misleading or so that the General Disclosure Package, as amended or supplemented, will
no longer conflict with the Registration Statement, or so that the General Disclosure Package, as amended or supplemented, will comply
with applicable law.
(g) If,
during such period after the first date of the public offering of the Securities as in the reasonable opinion of counsel for the Underwriters
the Prospectus (or in lieu thereof the notice referred to in rule 173(a) of the Securities Act) is required by law to be delivered
in connection with sales by an Underwriter or dealer, any event shall occur or condition exist as a result of which it is necessary to
amend or supplement the Prospectus in order to make the statements therein, in the light of the circumstances when the Prospectus (or
in lieu thereof the notice referred to in Rule 173(a) of the Securities Act) is delivered to a purchaser, not misleading, or
if, in the opinion of counsel for the Underwriters, it is necessary to amend or supplement the Prospectus to comply with applicable law,
forthwith to prepare, file with the Commission and furnish, at its own expense, to the Underwriters and to the dealers (whose names and
addresses you will furnish to the Guarantor) to which Securities may have been sold by you on behalf of the Underwriters and to any other
dealers upon request, either amendments or supplements to the Prospectus so that the statements in the Prospectus as so amended or supplemented
will not, in the light of the circumstances when the Prospectus (or in lieu thereof the notice referred to in Rule 173(a) of
the Securities Act) is delivered to a purchaser, be misleading or so that the Prospectus, as amended or supplemented, will comply with
applicable law.
(h) To
endeavor to qualify the Securities for offer and sale under the securities or Blue Sky laws of such jurisdictions as you shall reasonably
request.
(i) To
make generally available to the Guarantor’s shareholders and to you as soon as practicable an earnings statement covering a period
of at least twelve months beginning with the first fiscal quarter of the Guarantor occurring after the date of this Agreement which shall
satisfy the provisions of Section 11(a) of the Securities Act and the rules and regulations of the Commission thereunder.
(j) Whether
or not the transactions contemplated in this Agreement are consummated or this Agreement is terminated, the Company and the Guarantor
jointly and severally agree to pay or cause to be paid all reasonable expenses incident to the performance of its obligations under this
Agreement, including: (i) the fees, disbursements and expenses of the Company’s and the Guarantor’s counsel and the
Guarantor’s accountants in connection with the registration and delivery of the Securities under the Securities Act and all other
fees or expenses in connection with the preparation and filing of the Registration Statement, any preliminary prospectus, the General
Disclosure Package, the Prospectus, any free writing prospectus prepared by or on behalf of, used by, or referred to by the Company or
the Guarantor and amendments and supplements to any of the foregoing, including the filing fees payable to the Commission relating to
the Securities (within the time required by Rule 456(b)(1), if applicable), all printing costs associated therewith, and the mailing
and delivering of copies thereof to the Underwriters and dealers, in the quantities hereinabove specified, (ii) all costs and expenses
related to the transfer and delivery of the Securities to the Underwriters, including any transfer or other taxes payable thereon, (iii) the
cost of printing or producing any Blue Sky or legal investment memorandum in connection with the offer and sale of the Securities under
state securities laws and all expenses in connection with the qualification of the Securities for offer and sale under state securities
laws as provided in Section 6(h) hereof, including filing fees and the reasonable fees and disbursements of counsel for the
Underwriters in connection with such qualification and in connection with the Blue Sky or legal investment memorandum, (iv) all
filing fees and the reasonable fees and disbursements of counsel to the Underwriters incurred in connection with the review and qualification
of the offering of the Securities by the Financial Industry Regulatory Authority, (v) the cost of printing certificates representing
the Securities, (vi) the costs and charges of any trustee or depositary, (vii) the costs and expenses of the Company and the
Guarantor relating to investor presentations on any “road show,” if any, undertaken in connection with the marketing of the
offering of the Securities, including, without limitation, expenses associated with the production of road show slides and graphics,
fees and expenses of any consultants engaged in connection with the road show presentations with the prior approval of the Company and
the Guarantor, travel and lodging expenses of the representatives and officers of the Company and the Guarantor and any such consultants,
and one-half of the cost of any aircraft chartered in connection with the road show, and (viii) all other costs and expenses incident
to the performance of the obligations of the Company and the Guarantor hereunder for which provision is not otherwise made in this Section.
It is understood, however, that except as provided in this Section, Section 7 entitled “Indemnity and Contribution,”
and the last paragraph of Section 9 below, the Underwriters will pay all of their costs and expenses, including fees and disbursements
of their counsel and any advertising expenses connected with any offers they may make.
(k) Each
of the Company and the Guarantor represents and agrees that, unless it obtains the prior consent of each Underwriter, and each Underwriter
agrees that, unless it obtains the prior consent of the Company and the Guarantor, it has not made and will not make any offer relating
to the Securities that would constitute an Issuer Free Writing Prospectus, or that would otherwise constitute a “free writing prospectus,”
as defined in Rule 405, required to be filed with the Commission. Any such free writing prospectus consented to by the Company and
the Guarantor and each Underwriter, including those identified on Schedule I hereto, is hereinafter referred to as a “Permitted
Free Writing Prospectus.” Each of the Company and the Guarantor represents that it has treated and agrees that it will treat each
Permitted Free Writing Prospectus as an Issuer Free Writing Prospectus, and has complied and will comply with the requirements of Rules 164
and 433 applicable to any Permitted Free Writing Prospectus, including timely Commission filing where required, legending and record
keeping.
(l) To
prepare a final term sheet relating to the offering of the Securities, containing information that describes the final terms of the Securities
and any other information agreed to by the Company, the Guarantor and the Underwriters and substantially in the form attached as Exhibit A
hereto, and will file such final term sheet within the period required by Rule 433(d)(5)(ii). Any such final term sheet is an Issuer
Free Writing Prospectus and a Permitted Free Writing Prospectus for purposes of this Agreement. Each of the Company and the Guarantor
also consents to the use by the Underwriters of a free writing prospectus that contains only (i)(x) information describing the preliminary
terms of the Securities or their offering or (y) information that describes the final terms of the Securities or their offering
and that is included in the final term sheet of the Company and the Guarantor contemplated in the first sentence of this subsection or
(ii) other information that is not “issuer information,” as defined in Rule 433, it being understood that any such
free writing prospectus referred to in clause (i) or (ii) above shall not be an Issuer Free Writing Prospectus for purposes
of this Agreement.
7. Indemnity
and Contribution.
(a) The
Company and the Guarantor jointly and severally agree to indemnify and hold harmless each Underwriter and each person, if any, who controls
any Underwriter within the meaning of either Section 15 of the Securities Act or Section 20 of the Exchange Act and each affiliate
of any Underwriter within the meaning of Rule 405 under the Securities Act from and against any and all losses, claims, damages
and liabilities (including, without limitation, any legal or other expenses reasonably incurred in connection with defending or investigating
any such action or claim) caused by any untrue statement or alleged untrue statement of a material fact contained in the Registration
Statement or any amendment thereof, any preliminary prospectus, the General Disclosure Package, any Issuer Free Writing Prospectus, any
Company or Guarantor information that the Company or Guarantor has filed, or is required to file, pursuant to Rule 433(d) under
the Securities Act, or the Prospectus or any amendment or supplement thereto, or caused by any omission or alleged omission to state
therein a material fact required to be stated therein or necessary to make the statements therein not misleading, except insofar as such
losses, claims, damages or liabilities are caused by any such untrue statement or omission or alleged untrue statement or omission based
upon information relating to any Underwriter furnished to the Guarantor in writing by such Underwriter through you expressly for use
therein.
(b) Each
Underwriter agrees, severally and not jointly, to indemnify and hold harmless the Company, the Guarantor, the directors of the Company
and Guarantor, the officers of the Company and Guarantor who sign the Registration Statement and each person, if any, who controls the
Company or the Guarantor within the meaning of either Section 15 of the Securities Act or Section 20 of the Exchange Act to
the same extent as the foregoing indemnity from the Company and the Guarantor to such Underwriter, but only with reference to information
relating to such Underwriter furnished to the Guarantor in writing by such Underwriter through you expressly for use in the Registration
Statement, any preliminary prospectus, the General Disclosure Package, any Issuer Free Writing Prospectus or the Prospectus or any amendment
or supplement thereto, it being understood and agreed that the only such information furnished by you consists of the following information
in the Prospectus furnished on behalf of each Underwriter: the information contained in the fifth paragraph under the caption “Underwriting”.
(c) In
case any proceeding (including any governmental investigation) shall be instituted involving any person in respect of which indemnity
may be sought pursuant to Section 7(a) or 7(b) such person (the “indemnified party”) shall promptly
notify the person against whom such indemnity may be sought (the “indemnifying party”) in writing and the indemnifying
party, upon request of the indemnified party, shall retain counsel reasonably satisfactory to the indemnified party to represent the
indemnified party and any others the indemnifying party may designate in such proceeding and shall pay the fees and disbursements of
such counsel related to such proceeding. In any such proceeding, any indemnified party shall have the right to retain its own counsel,
but the fees and expenses of such counsel shall be at the expense of such indemnified party unless (i) the indemnifying party and
the indemnified party shall have mutually agreed to the retention of such counsel or (ii) the named parties to any such proceeding
(including any impleaded parties) include both the indemnifying party and the indemnified party and representation of both parties by
the same counsel would be inappropriate due to actual or potential differing interests between them. It is understood that the indemnifying
party shall not, in respect of the legal expenses of any indemnified party in connection with any proceeding or related proceedings in
the same jurisdiction, be liable for (i) the fees and expenses of more than one separate firm (in addition to any local counsel)
for the Underwriters and all persons, if any, who control the Underwriters within the meaning of either Section 15 of the Securities
Act or Section 20 of the Exchange Act and (ii) the fees and expenses of more than one separate firm (in addition to any local
counsel) for the Company, the Guarantor and their respective directors and officers who sign the Registration Statement and each person,
if any, who controls the Company or the Guarantor within the meaning of either such Section. In the case of any such separate firm for
the Underwriters and such control persons of the Underwriters, such firm shall be designated in writing by you. In the case of any such
separate firm for the Company, the Guarantor and such directors, officers and control persons, such firm shall be designated in writing
by the Company and the Guarantor. The indemnifying party shall not be liable for any settlement of any proceeding effected without its
written consent, but if settled with such consent or if there be a final judgment for the plaintiff, the indemnifying party agrees to
indemnify the indemnified party from and against any loss or liability by reason of such settlement or judgment. No indemnifying party
shall, without the prior written consent of the indemnified party, effect any settlement of any pending or threatened proceeding in respect
of which any indemnified party is or could have been a party and indemnity could have been sought hereunder by such indemnified party,
unless such settlement includes an unconditional release of such indemnified party from all liability on claims that are the subject
matter of such proceeding.
(d) To
the extent the indemnification provided for in Section 7(a) or 7(b) is unavailable to an indemnified party or insufficient
in respect of any losses, claims, damages or liabilities referred to therein, then each indemnifying party under such paragraph, in lieu
of indemnifying such indemnified party thereunder, shall contribute to the amount paid or payable by such indemnified party as a result
of such losses, claims, damages or liabilities (i) in such proportion as is appropriate to reflect the relative benefits received
by the Company and the Guarantor on the one hand and the Underwriters on the other hand from the offering of the Securities or (ii) if
the allocation provided by clause 7(d)(i) above is not permitted by applicable law, in such proportion as is appropriate to reflect
not only the relative benefits referred to in clause 7(d)(i) above but also the relative fault of the Company and the Guarantor
on the one hand and of the Underwriters on the other hand in connection with the statements or omissions that resulted in such losses,
claims, damages or liabilities, as well as any other relevant equitable considerations. The relative benefits received by the Company
and the Guarantor on the one hand and the Underwriters on the other hand in connection with the offering of the Securities shall be deemed
to be in the same respective proportions as the net proceeds from the offering of the Securities (before deducting expenses) received
by the Company and the total underwriting discounts and commissions received by the Underwriters, in each case as set forth in the table
on the cover of the Prospectus, bear to the aggregate public offering price of the Securities. The relative fault of the Company and
the Guarantor on the one hand and the Underwriters on the other hand shall be determined by reference to, among other things, whether
the untrue or alleged untrue statement of a material fact or the omission or alleged omission to state a material fact relates to information
supplied by the Company and the Guarantor or by the Underwriters and the parties’ relative intent, knowledge, access to information
and opportunity to correct or prevent such statement or omission. The Underwriters’ respective obligations to contribute pursuant
to this Section 7 are several in proportion to the respective principal amounts of Securities they have purchased hereunder, and
not joint.
(e) The
Company, the Guarantor and the Underwriters agree that it would not be just or equitable if contribution pursuant to this Section 7
were determined by pro rata allocation (even if the Underwriters were treated as one entity for such purpose) or by any other
method of allocation that does not take account of the equitable considerations referred to in Section 7(d). The amount paid
or payable by an indemnified party as a result of the losses, claims, damages and liabilities referred to in Section 7(d) shall
be deemed to include, subject to the limitations set forth above, any legal or other expenses reasonably incurred by such indemnified
party in connection with investigating or defending any such action or claim. Notwithstanding the provisions of this Section 7,
no Underwriter shall be required to contribute any amount in excess of the amount by which the total price at which the Securities underwritten
by it and distributed to the public were offered to the public exceeds the amount of any damages that such Underwriter has otherwise
been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent
misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any person
who was not guilty of such fraudulent misrepresentation. The remedies provided for in this Section 7 are not exclusive and
shall not limit any rights or remedies which may otherwise be available to any indemnified party at law or in equity.
(f) The
indemnity and contribution provisions contained in this Section 7 and the representations, warranties and other statements
of the Company and the Guarantor contained in this Agreement shall remain operative and in full force and effect regardless of (i) any
termination of this Agreement, (ii) any investigation made by or on behalf of any Underwriter or any person controlling any Underwriter,
or by or on behalf of the Company or the Guarantor, its officers or directors or any person controlling the Guarantor, and (iii) acceptance
of and payment for any of the Securities.
8. Termination.
This Agreement shall be subject to termination by notice given by you to the Company and the Guarantor, if (a) after the execution
and delivery of this Agreement and prior to the Closing Date (i) trading generally shall have been suspended or materially limited
on or by, as the case may be, any of the New York Stock Exchange, the NYSE MKT, the NASDAQ Global Market, the Chicago Board of Options
Exchange, the Chicago Mercantile Exchange or the Chicago Board of Trade, (ii) trading of any securities of the Guarantor shall have
been suspended on any exchange or in any over-the-counter market, (iii) a general moratorium on commercial banking activities in
New York shall have been declared by either Federal or New York State authorities or (iv) there shall have occurred any outbreak
or escalation of hostilities or any change in financial markets or any calamity or crisis that, in your judgment, is material and adverse
and (b) in the case of any of the events specified in clauses 8(a)(i) through 8(a)(iv), such event, singly or together with
any other such event, makes it, in your judgment, impracticable to market the Securities on the terms and in the manner contemplated
in the General Disclosure Package or the Prospectus.
9. Effectiveness;
Defaulting Underwriters. This Agreement shall become effective upon the execution and delivery hereof by the parties hereto.
If, on the Closing Date, any one or more of the
Underwriters shall fail or refuse to purchase Securities that it has or they have agreed to purchase hereunder on such date, and the
aggregate principal amount of Securities which such defaulting Underwriter or Underwriters agreed but failed or refused to purchase is
not more than one-tenth of the aggregate principal amount of the Securities to be purchased on such date, the other Underwriters shall
be obligated severally in the proportions that the principal amount of Securities set forth opposite their respective names in Schedule I
bears to the aggregate principal amount of Securities set forth opposite the names of all such non-defaulting Underwriters, or in such
other proportions as you may specify, to purchase the Securities which such defaulting Underwriter or Underwriters agreed but failed
or refused to purchase on such date; provided that in no event shall the principal amount of Securities that any Underwriter has
agreed to purchase pursuant to this Agreement be increased pursuant to this Section 9 by an amount in excess of one-ninth of such
principal amount of Securities without the written consent of such Underwriter. If, on the Closing Date, any Underwriter or Underwriters
shall fail or refuse to purchase Securities and the aggregate principal amount of Securities with respect to which such default occurs
is more than one-tenth of the aggregate principal amount of Securities to be purchased on such date, and arrangements satisfactory to
you, the Company and the Guarantor for the purchase of such Securities are not made within 36 hours after such default, this Agreement
shall terminate without liability on the part of any non-defaulting Underwriter, the Company or the Guarantor. In any such case either
you, the Company or the Guarantor shall have the right to postpone the Closing Date, but in no event for longer than seven days, in order
that the required changes, if any, in the Registration Statement, in the General Disclosure Package, in the Prospectus or in any other
documents or arrangements may be effected. Any action taken under this paragraph shall not relieve any defaulting Underwriter from liability
to the Company and the Guarantor or any non-defaulting Underwriter in respect of any default of such Underwriter under this Agreement.
If this Agreement shall be terminated by the Underwriters,
or any of them, because of any failure or refusal on the part of the Company or the Guarantor to comply with the terms or to fulfill
any of the conditions of this Agreement, or if for any reason any of the Company or the Guarantor shall be unable to perform its obligations
under this Agreement, the Company and the Guarantor will reimburse the Underwriters or such Underwriters as have so terminated this Agreement
with respect to themselves, severally, for all out-of-pocket expenses (including the reasonable fees and disbursements of their counsel)
reasonably incurred by such Underwriters in connection with this Agreement or the offering contemplated hereunder.
10. Submission
to Jurisdiction; Appointment of Agent for Service. The Guarantor irrevocably agrees that any legal suit, action or proceeding brought
by any Underwriter or by any person who controls any Underwriter arising out of or relating to this Agreement or the transactions contemplated
hereby may be instituted in any federal or state court in the Borough of Manhattan, The City of New York, the State of New York and irrevocably
waives, to the fullest extent permitted by law, any objection which it may now or hereafter have to the laying of the venue of any such
suit, action or proceeding and any claim of inconvenient forum, and irrevocably submits to the non-exclusive jurisdiction of any such
court in any such suit, action or proceeding. To the extent that the Guarantor has or hereafter may acquire any immunity (on the grounds
of sovereignty or otherwise) from the jurisdiction of any court or from any legal process with respect to itself or its property in respect
of its obligations under this Agreement, the Guarantor irrevocably waives, to the fullest extent permitted by law, such immunity in respect
of any such suit, action or proceeding. Each of the parties hereto hereby waives any right to trial by jury in any suit or proceeding
arising out of or relating to this Agreement.
The Guarantor (i) irrevocably designates
and appoints Corporation Service Company (CSC) from time to time located at 19 West 44th Street, Suite 200, New York, NY 10036 (together
with any successor, the “Guarantor’s Authorized Agent”), as its agent upon which process may be served in any
suit, action or proceeding described in the first sentence of this Section 10 and represents and warrants that the Guarantor’s
Authorized Agent has accepted such designation, and (ii) agrees that service of process upon the Guarantor’s Authorized Agent
and written notice of said service to the Guarantor mailed or delivered to its Secretary at its registered office at Route de Florissant
13, 1206 Geneva, Switzerland, shall be deemed in every respect effective service of process upon the Guarantor in any such suit or proceeding.
The Guarantor further agrees to take any and all action, including the execution and filing of any and all such documents and instruments,
as may be necessary to continue such designation and appointment of the Guarantor’s Authorized Agent in full force and effect so
long as any of the Securities shall be issued and outstanding.
11. Entire
Agreement; Arms-Length Relationship. (a) This Agreement, together with any contemporaneous written agreements and any prior
written agreements (to the extent not superseded by this Agreement) that relate to the offering of the Securities, represents the entire
agreement between the Company, the Guarantor and the Underwriters with respect to the preparation of any preliminary prospectus, the
General Disclosure Package, the Prospectus, the conduct of the offering, and the purchase and sale of the Securities.
(b) Each of the Company and the Guarantor
acknowledges that, solely in connection with the offering of the Securities, any review by the Underwriters of the Company, the Guarantor
and its subsidiaries or any other due diligence review by the Underwriters will be performed solely for the benefit of the Underwriters
and shall not be on behalf of the Company, the Guarantor or its subsidiaries, and that, solely in connection with this offering of the
Securities, the Underwriters (i) have acted at arms’ length, are not agents of, and owe no fiduciary duties to, the Company,
the Guarantor or any other person, (ii) owe the Company and the Guarantor only those duties and obligations set forth in this Agreement
and prior written agreements (to the extent not superseded by this Agreement), if any, and (iii) may have interests that differ
from those of the Company or the Guarantor. Each of the Company and the Guarantor waives, to the full extent permitted by applicable
law, any claims it may have against the Underwriters arising from an alleged breach of fiduciary duty in connection with the offering
of the Securities.
12. Counterparts.
This Agreement may be signed in two or more counterparts, each of which shall be an original, with the same effect as if the signatures
thereto and hereto were upon the same instrument. Counterparts may be delivered via facsimile, electronic mail (including any electronic
signature covered by the U.S. federal ESIGN Act of 2000, Uniform Electronic Transactions Act, the Electronic Signatures and Records Act
or other applicable law, e.g., www.docusign.com) or other transmission method and any counterpart so delivered shall be deemed to have
been duly and validly delivered and be valid and effective for all purposes.
13. Applicable
Law. This Agreement shall be governed by and construed in accordance with the internal laws of the State of New York.
14. Headings.
The headings of the sections of this Agreement have been inserted for convenience of reference only and shall not be deemed a part of
this Agreement.
15. Judgment
Currency. If for the purposes of obtaining judgment in any court it is necessary to convert a sum due hereunder into any currency
other than United States dollars, the parties hereto agree, to the fullest extent permitted by law, that the rate of exchange used shall
be the rate at which in accordance with normal banking procedures an Underwriter could purchase United States dollars with such other
currency in The City of New York on the business day preceding that on which final judgment is given. The obligation of the Guarantor
with respect to any sum due from it to any Underwriter shall, notwithstanding any judgment in a currency other than United States dollars,
be discharged only if and to the extent that on the first business day following receipt by such Underwriter of any sum adjudged to be
so due in such other currency, such Underwriter may in accordance with normal banking procedures purchase United States dollars with
such other currency. If the United States dollars so purchased are less than the sum originally due to such Underwriter hereunder, the
Guarantor agrees, as a separate obligation and notwithstanding any such judgment, to indemnify such Underwriter or controlling person
against such loss. If the United States dollars so purchased are greater than the sum originally due to such Underwriter or controlling
person hereunder, such Underwriter or controlling person agrees to pay to the Guarantor an amount equal to the excess of the dollars
so purchased over the sum originally due to such Underwriter or controlling person hereunder.
16. Taxes.
All payments to be made by the Guarantor under this Agreement shall be paid free and clear of and without deduction or withholding
for or on account of, any present or future taxes, levies, imposts, duties, fees, assessments or other charges of whatever nature, imposed
by Switzerland, Argentina or Brazil or by any department, agency or other political subdivision or taxing authority thereof or therein,
and all interest, penalties or similar liabilities with respect thereto (collectively, “Taxes”). If any Taxes are
required by law to be deducted or withheld in connection with such payments, the Guarantor will increase the amount paid so that the
full amount of such payment is received by the Underwriters.
17. Notices.
All notices and other communications hereunder shall be in writing and shall be deemed to have been duly given if mailed or transmitted
and confirmed by any standard form of telecommunication. Notices to the Underwriters shall be given to the representatives c/o SMBC Nikko
Securities America, Inc., 277 Park Avenue, New York, New York, 10172, Attention: Debt Capital Markets; c/o BNP Paribas Securities
Corp., 787 Seventh Avenue, New York, New York 10019, Attention: Debt Syndicate Desk, Email: DL.US.Syndicate.Support@us.bnpparibas.com;
c/o BofA Securities, Inc., 114 West 47th Street, NY8-114-07-01, New York, New York 10036 (Email: dg.hg_ua_notices@bofa.com), Attention:
High Grade Debt Capital Markets Transaction Management/Legal (Facsimile: 212-901-7881); c/o J.P. Morgan Securities LLC, 383 Madison Avenue,
New York, New York 10179 (Facsimile: (212) 834-6081), Attention: Investment Grade Syndicate Desk; and c/o Mizuho Securities USA LLC,
1271 Avenue of the Americas, New York, NY, 10020, Attn: Debt Capital Markets, Email: legalnotices@mizuhogroup.com. Notices to the Company
shall be given to it at 1391 Timberlake Manor Parkway, St. Louis, MO 63017 (Facsimile: (636) 292-4029 Attention: Treasurer, with a copy
to Jones Day at 1221 Peachtree Street, N.E., Suite 400, Atlanta, GA 30361 (Facsimile: (404) 581-8330), Attention: Joel T. May.)
18. Contractual
Recognition of Bail-In. Notwithstanding any other term of this Agreement or any other agreements, arrangements or understanding among
any Underwriter, the Company and the Guarantor, each of the Company and the Guarantor acknowledges, accepts and agrees to be bound by:
(a) the
effect of the exercise of Bail-in Powers by the Relevant Resolution Authority in relation to any BRRD Liability of an Underwriter to
the Company or the Guarantor under this Agreement, that (without limitation) may include and result in any of the following, or some
combination thereof:
(i) the
reduction of all, or a portion, of the BRRD Liability or outstanding amounts due thereon;
(ii) the
conversion of all, or a portion, of the BRRD Liability into shares, other securities or other obligations of such Underwriter or another
person (and the issue to or conferral on the Company or the Guarantor of such shares, securities or obligations);
(iii) the
cancellation of the BRRD Liability; and
(iv) the
amendment or alteration of any interest, if applicable, thereon, the maturity or the dates on which any payments are due, including by
suspending payment for a temporary period; and
(b) the
variation of the terms of this Agreement, as deemed necessary by the Relevant Resolution Authority, to give effect to the exercise of
Bail-in Powers by the Relevant Resolution Authority.
Each of the Company and the Guarantor acknowledges
and accepts that this provision is exhaustive on the matters described herein to the exclusion of any other term of this Agreement or
any other agreements, arrangements, or understanding among any Underwriter, the Company and the Guarantor, relating to the subject matter
of this Agreement.
The terms which follow, when used in this Section 18,
shall have the meanings indicated.
“Bail-in Legislation” means
in relation to a member state of the European Economic Area which has implemented, or which at any time implements, the BRRD, the relevant
implementing law, regulation, rule or requirement as described in the EU Bail-in Legislation Schedule from time to time.
“Bail-in Powers” means any
Write-down and Conversion Powers as defined in relation to the relevant Bail-in Legislation.
“BRRD” means Directive 2014/59/EU
establishing a framework for the recovery and resolution of credit institutions and investment firms.
“BRRD Liability” has the same
meaning as in such laws, regulations, rules or requirements implementing the BRRD under the applicable Bail-in Legislation.
“EU Bail-in Legislation Schedule”
means the document described as such, then in effect, and published by the Loan Market Association (or any successor person) from time
to time at http://www.lma.eu.com/ (or any successor webpage).
“Relevant Resolution Authority”
means the resolution authority with the ability to exercise any Bail-in Powers in relation to the relevant Underwriter.
19. Recognition
of the U.S. Special Resolution Regimes.
(a) In
the event that any Underwriter that is a Covered Entity becomes subject to a proceeding under a U.S. Special Resolution Regime, the transfer
from such Underwriter of this Agreement, and any interest and obligation in or under this Agreement, will be effective to the same extent
as the transfer would be effective under the U.S. Special Resolution Regime if this Agreement, and any such interest and obligation,
were governed by the laws of the United States or a state of the United States.
(b) In
the event that any Underwriter that is a Covered Entity or a BHC Act Affiliate of such Underwriter becomes subject to a proceeding under
a U.S. Special Resolution Regime, Default Rights under this Agreement that may be exercised against such Underwriter are permitted to
be exercised to no greater extent than such Default Rights could be exercised under the U.S. Special Resolution Regime if this Agreement
were governed by the laws of the United States or a state of the United States.
As used in this Section 19, “BHC
Act Affiliate” has the meaning assigned to the term “affiliate” in, and shall be interpreted in accordance with,
12 U.S.C. § 1841(k); “Covered Entity” means any of the following: (i) a “covered entity” as
that term is defined in, and interpreted in accordance with, 12 C.F.R. § 252.82(b), (ii) a “covered bank”
as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 47.3(b) or (iii) a “covered FSI”
as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 382.2(b); “Default Right” has
the meaning assigned to that term in, and shall be interpreted in accordance with, 12 C.F.R. §§ 252.81, 47.2 or 382.1, as applicable;
and “U.S. Special Resolution Regime” means each of (i) the Federal Deposit Insurance Act and the regulations
promulgated thereunder and (ii) Title II of the Dodd-Frank Wall Street Reform and Consumer Protection Act and the regulations promulgated
thereunder.
[Signature Pages Follow]
|
Very truly yours, |
|
|
|
BUNGE LIMITED FINANCE CORP. |
|
|
|
By: |
/s/ Rajat Gupta |
|
|
Name: Rajat Gupta |
|
|
Title: President and Director |
|
|
|
By: |
/s/ Pratik P. Mohta |
|
|
Name: Pratik P. Mohta |
|
|
Title: Treasurer |
[Signature Page to Underwriting Agreement]
|
BUNGE GLOBAL SA |
|
|
|
By: |
/s/ John W. Neppl |
|
|
Name: John W. Neppl |
|
|
Title: Executive Vice President and Chief Financial Officer |
|
|
|
|
|
By: |
/s/ Lisa Ware-Alexander |
|
|
Name: Lisa Ware-Alexander |
|
|
Title: Vice President,
Deputy General Counsel, Corporate Secretary, Chief
Compliance & Ethics Officer |
[Signature Page to Underwriting Agreement]
Accepted as of the date hereof |
|
|
|
|
By: |
SMBC NIKKO SECURITIES
AMERICA, INC. |
|
|
|
|
By: |
/s/ John Bolger |
|
|
Name: John Bolger |
|
|
Title: MD |
|
|
|
|
By: |
BNP PARIBAS SECURITIES
CORP. |
|
|
|
|
By: |
/s/ Christian J. Stewart |
|
|
Name: Christian J. Stewart |
|
|
Title: Managing Director |
|
|
|
|
By:
|
BOFA SECURITIES, INC. |
|
|
|
|
By: |
/s/ Christopher Cote |
|
|
Name: Christopher Cote |
|
|
Title: Managing Director |
|
|
|
|
By: |
J.P.
MORGAN SECURITIES LLC |
|
|
|
|
By: |
/s/
Som Bhattacharyya |
|
|
Name: Som
Bhattacharyya |
|
|
Title: Executive Director |
|
[Signature Page to Underwriting Agreement]
By: |
MIZUHO
SECURITIES USA LLC |
|
By: |
/s/
Joseph Santaniello |
|
|
Name: Joseph Santaniello |
|
|
Title: |
|
[Signature Page to Underwriting Agreement]
SCHEDULE I
Underwriter | |
Principal Amount
of the 2028
Securities To Be
Purchased | | |
Principal Amount
of the 2029
Securities To Be
Purchased | | |
Principal Amount
of the 2034
Securities To Be
Purchased | |
SMBC Nikko Securities America, Inc. | |
$ | 40,000,000 | | |
$ | 80,000,000 | | |
$ | 80,000,000 | |
BNP Paribas Securities Corp. | |
$ | 40,000,000 | | |
$ | 80,000,000 | | |
$ | 80,000,000 | |
BofA Securities, Inc. | |
$ | 40,000,000 | | |
$ | 80,000,000 | | |
$ | 80,000,000 | |
J.P. Morgan Securities LLC | |
$ | 40,000,000 | | |
$ | 80,000,000 | | |
$ | 80,000,000 | |
Mizuho Securities USA LLC | |
$ | 40,000,000 | | |
$ | 80,000,000 | | |
$ | 80,000,000 | |
BMO Capital Markets Corp. | |
$ | 40,000,000 | | |
$ | 80,000,000 | | |
$ | 80,000,000 | |
Rabo Securities USA, Inc. | |
$ | 40,000,000 | | |
$ | 80,000,000 | | |
$ | 80,000,000 | |
ANZ Securities, Inc. | |
$ | 7,334,000 | | |
$ | 14,668,000 | | |
$ | 14,668,000 | |
BBVA Securities Inc. | |
$ | 7,334,000 | | |
$ | 14,668,000 | | |
$ | 14,668,000 | |
Citigroup Global Markets Inc. | |
$ | 7,334,000 | | |
$ | 14,668,000 | | |
$ | 14,668,000 | |
Commerz Markets LLC | |
$ | 7,334,000 | | |
$ | 14,668,000 | | |
$ | 14,668,000 | |
Credit Agricole Securities (USA) Inc. | |
$ | 7,334,000 | | |
$ | 14,668,000 | | |
$ | 14,668,000 | |
HSBC Securities (USA) Inc. | |
$ | 7,333,000 | | |
$ | 14,666,000 | | |
$ | 14,666,000 | |
ING Financial Markets LLC | |
$ | 7,333,000 | | |
$ | 14,666,000 | | |
$ | 14,666,000 | |
MUFG Securities Americas Inc. | |
$ | 7,333,000 | | |
$ | 14,666,000 | | |
$ | 14,666,000 | |
Natixis Securities Americas LLC | |
$ | 7,333,000 | | |
$ | 14,666,000 | | |
$ | 14,666,000 | |
Oversea-Chinese Banking Corporation Limited | |
$ | 7,333,000 | | |
$ | 14,666,000 | | |
$ | 14,666,000 | |
PNC Capital Markets LLC | |
$ | 7,333,000 | | |
$ | 14,666,000 | | |
$ | 14,666,000 | |
Santander US Capital Markets LLC | |
$ | 7,333,000 | | |
$ | 14,666,000 | | |
$ | 14,666,000 | |
Standard Chartered Bank | |
$ | 7,333,000 | | |
$ | 14,666,000 | | |
$ | 14,666,000 | |
Scotia Capital (USA) Inc. | |
$ | 7,333,000 | | |
$ | 14,666,000 | | |
$ | 14,666,000 | |
Wells Fargo Securities, LLC | |
$ | 7,333,000 | | |
$ | 14,666,000 | | |
$ | 14,666,000 | |
Cabrera Capital Markets LLC | |
$ | 2,500,000 | | |
$ | 5,000,000 | | |
$ | 5,000,000 | |
Deutsche Bank Securities Inc. | |
$ | 2,500,000 | | |
$ | 5,000,000 | | |
$ | 5,000,000 | |
ICBC Standard Bank Plc | |
$ | 2,500,000 | | |
$ | 5,000,000 | | |
$ | 5,000,000 | |
Bank of China (Europe) S.A. | |
$ | 2,500,000 | | |
$ | 5,000,000 | | |
$ | 5,000,000 | |
Total: | |
$ | 400,000,000 | | |
$ | 800,000,000 | | |
$ | 800,000,000 | |
SCHEDULE II
General Use Free Writing Prospectuses (included in the General
Disclosure Package)
“General Use Issuer Free Writing Prospectus”
includes the following document:
Final
term sheet, dated September 10, 2024, a copy of which is attached as Exhibit A hereto.
EXHIBIT A
Filed Pursuant to Rule 433 under the Securities
Act of 1933
Registration Statement File No. 333-282003
Issuer Free Writing Prospectus, dated September 10,
2024
Bunge Limited Finance Corp.
4.100% Senior Notes Due 2028
4.200% Senior Notes Due 2029
4.650% Senior Notes Due 2034
(the
“Notes”)
Pricing Term Sheet
This Free Writing Prospectus relates only
to the Senior Notes of Bunge Limited Finance Corp. due January 7, 2028, the Senior Notes of Bunge Limited Finance Corp. due September 17,
2029 and the Senior Notes of Bunge Limited Finance Corp. due September 17, 2034, and should only be read together with the Preliminary
Prospectus Supplement dated September 10, 2024 relating to the Senior Notes of Bunge Limited Finance Corp. due January 7, 2028,
the Senior Notes of Bunge Limited Finance Corp. due September 17, 2029 and the Senior Notes of Bunge Limited Finance Corp. due September 17,
2034. Unless otherwise indicated, terms used but not defined herein have the meanings assigned to such terms in the Preliminary Prospectus
Supplement.
4.100% Senior Notes Due 2028
Issuer: |
Bunge
Limited Finance Corp. |
|
|
Guarantor: |
Bunge
Global SA |
|
|
Expected
Ratings (Moody’s / S&P / Fitch)*: |
[Omitted] |
|
|
Principal
Amount: |
$400
Million |
|
|
Maturity
Date: |
January 7,
2028 |
|
|
Coupon: |
4.100%
|
|
|
Price
to Public: |
99.965%
of the principal amount |
|
|
Yield
to Maturity: |
4.113% |
|
|
Spread
to Benchmark Treasury: |
+65
basis points |
|
|
Benchmark
Treasury: |
3.750%
due August 15, 2027 |
|
|
Benchmark
Treasury Price: |
100-25
¼ |
|
|
Benchmark
Treasury Yield: |
3.463% |
|
|
Interest
Payment Dates: |
January 7
and July 7, beginning on January 7, 2025 (Short coupon) |
|
|
Trade
Date: |
September 10,
2024 |
Settlement
Date**: |
September 17,
2024 (T+5) |
|
|
CUSIP/ISIN: |
120568BD1
/ US120568BD12 |
|
|
Optional
Redemption: |
At any time prior to December 7, 2027 (one month before maturity),
BLFC may elect to redeem and repay the Notes, at any time in whole, or from time to time in part, at a redemption price equal to
the greater of 100% of the principal amount of the Notes to be redeemed, and the sum of the present values of the remaining scheduled
payments of principal and interest (at the rate in effect on the date of calculation of the redemption price) on the Notes to be
redeemed that would be due if such Notes matured on December 7, 2027 (exclusive of interest accrued but unpaid to the date of
redemption) discounted to their present value as of such redemption date on a semi-annual basis (assuming a 360 day year consisting
of twelve 30 day months) at the applicable Treasury Yield, as determined by the Reference Treasury Dealers, plus 10 basis points,
in each case, plus accrued and unpaid interest, if any, on the Notes to the date of redemption.
On or after December 7, 2027 (one month before maturity),
BLFC may elect to redeem and repay the Notes, in whole or in part from time to time at a redemption price equal to 100% of the principal
amount of the Notes being redeemed on the redemption date. BLFC will pay accrued and unpaid interest on the Notes redeemed to the
redemption date. See “Description of the Notes—Optional Redemption by BLFC” in the preliminary prospectus supplement
for more information. |
|
|
Special
Mandatory Redemption: |
If
the consummation of the Acquisition does not occur on or before the later of (x) June 20, 2025 and (y) the date that
is five business days after any later date to which the parties of the Business Combination Agreement may agree to extend the “Outside
Date” in the Business Combination Agreement the “Special Mandatory Redemption End Date”), (ii) BLFC notifies
the trustee and the holders of the Notes that Bunge will not pursue the consummation of the Acquisition; or (iii) the Business
Combination Agreement has been terminated without the consummation of the Acquisition (each of (i), (ii) and (iii), BLFC shall
be obligated to redeem all of the 2028 at a redemption price equal to 101% of the principal amount thereof plus accrued and unpaid
interest, if any, to, but excluding, the Special Mandatory Redemption Date. |
Joint Book-Running Managers: |
SMBC Nikko Securities America, Inc.
BNP Paribas Securities Corp.
BofA Securities, Inc.
J.P. Morgan Securities LLC
Mizuho Securities USA LLC
BMO Capital Markets Corp.
Rabo Securities USA, Inc. |
|
|
Senior Co-Managers: |
ANZ Securities, Inc.
BBVA Securities Inc.
Citigroup Global Markets Inc.
Commerz Markets LLC
Credit Agricole Securities (USA) Inc.
HSBC Securities (USA) Inc.
ING Financial Markets LLC
MUFG Securities Americas Inc.
Natixis Securities Americas LLC
Oversea-Chinese Banking Corporation Limited***
PNC Capital Markets LLC
Santander US Capital Markets LLC
Standard Chartered Bank****
Scotia Capital (USA) Inc.
Wells Fargo Securities, LLC |
|
|
Co-Managers: |
Cabrera Capital Markets LLC
Deutsche Bank Securities Inc.
ICBC Standard Bank Plc
Bank of China (Europe) S.A. |
4.200% Senior Notes Due 2029
Issuer: |
Bunge Limited Finance Corp. |
|
|
Guarantor: |
Bunge Global SA |
|
|
Expected Ratings (Moody’s / S&P / Fitch)*: |
[Omitted] |
|
|
Principal Amount: |
$800 Million |
|
|
Maturity Date: |
September 17, 2029 |
|
|
Coupon: |
4.200% |
|
|
Price to Public: |
99.888% of the principal amount |
|
|
Yield to Maturity: |
4.225% |
|
|
Spread to Benchmark Treasury: |
+80 basis points |
|
|
Benchmark Treasury: |
3.625% due August 31, 2029 |
|
|
Benchmark Treasury Price: |
100-29 |
|
|
Benchmark Treasury Yield: |
3.425% |
|
|
Interest Payment Dates: |
March 17 and September 17, beginning on March 17, 2025 |
|
|
Trade Date: |
September 10, 2024 |
|
|
Settlement Date**: |
September 17, 2024 (T+5) |
|
|
CUSIP/ISIN: |
120568BE9 / US120568BE94 |
|
|
Optional Redemption: |
At any time prior to August 17, 2029 (one month before maturity),
BLFC may elect to redeem and repay the Notes, at any time in whole, or from time to time in part, at a redemption price equal to the greater
of 100% of the principal amount of the Notes to be redeemed, and the sum of the present values of the remaining scheduled payments of
principal and interest (at the rate in effect on the date of calculation of the redemption price) on the Notes to be redeemed that would
be due if such Notes matured on August 17, 2029 (exclusive of interest accrued but unpaid to the date of redemption) discounted to
their present value as of such redemption date on a semi-annual basis (assuming a 360 day year consisting of twelve 30 day months) at
the applicable Treasury Yield, as determined by the Reference Treasury Dealers, plus 15 basis points, in each case, plus accrued and unpaid
interest, if any, on the Notes to the date of redemption.
On or after August 17, 2029 (one month before maturity), BLFC
may elect to redeem and repay the Notes, in whole or in part from time to time at a redemption price equal to 100% of the principal amount
of the Notes being redeemed on the redemption date. BLFC will pay accrued and unpaid interest on the Notes redeemed to the redemption
date. See “Description of the Notes—Optional Redemption by BLFC” in the preliminary prospectus supplement for more information. |
Special Mandatory Redemption: |
If the consummation of the Acquisition does not occur on or before the later of (x) June 20, 2025 and (y) the date that is five business days after any later date to which the parties of the Business Combination Agreement may agree to extend the “Outside Date” in the Business Combination Agreement the “Special Mandatory Redemption End Date”), (ii) BLFC notifies the trustee and the holders of the Notes that Bunge will not pursue the consummation of the Acquisition; or (iii) the Business Combination Agreement has been terminated without the consummation of the Acquisition (each of (i), (ii) and (iii), BLFC shall be obligated to redeem all of the 2029 at a redemption price equal to 101% of the principal amount thereof plus accrued and unpaid interest, if any, to, but excluding, the Special Mandatory Redemption Date. |
|
|
Joint Book-Running Managers: |
SMBC Nikko Securities America, Inc.
BNP Paribas Securities Corp.
BofA Securities, Inc.
J.P. Morgan Securities LLC
Mizuho Securities USA LLC
BMO Capital Markets Corp.
Rabo Securities USA, Inc. |
Senior Co-Managers: |
ANZ Securities, Inc.
BBVA Securities Inc.
Citigroup Global Markets Inc.
Commerz Markets LLC
Credit Agricole Securities (USA) Inc.
HSBC Securities (USA) Inc.
ING Financial Markets LLC
MUFG Securities Americas Inc.
Natixis Securities Americas LLC
Oversea-Chinese Banking Corporation Limited***
PNC Capital Markets LLC
Santander US Capital Markets LLC
Standard Chartered Bank****
Scotia Capital (USA) Inc.
Wells Fargo Securities, LLC |
|
|
Co-Managers: |
Cabrera Capital Markets LLC
Deutsche Bank Securities Inc.
ICBC Standard Bank Plc
Bank of China (Europe) S.A. |
4.650% Senior Notes Due 2034
Issuer: |
Bunge Limited Finance Corp. |
|
|
Guarantor: |
Bunge Global SA |
|
|
Expected Ratings (Moody’s / S&P / Fitch)*: |
[Omitted] |
|
|
Principal Amount: |
$800 Million |
|
|
Maturity Date: |
September 17, 2034 |
|
|
Coupon: |
4.650% |
|
|
Price to Public: |
99.684% of the principal amount |
|
|
Yield to Maturity: |
4.690% |
|
|
Spread to Benchmark Treasury: |
+105 basis points |
|
|
Benchmark Treasury: |
3.875% due August 15, 2034 |
|
|
Benchmark Treasury Price: |
101-30 |
|
|
Benchmark Treasury Yield: |
3.640% |
|
|
Interest Payment Dates: |
March 17 and September 17, beginning on March 17, 2025 |
|
|
Trade Date: |
September 10, 2024 |
|
|
Settlement Date**: |
September 17, 2024 (T+5) |
|
|
CUSIP/ISIN: |
120568BF6 / US120568BF69 |
|
|
Optional Redemption: |
At any time prior to June 17, 2034 (three months before maturity),
BLFC may elect to redeem and repay the Notes, at any time in whole, or from time to time in part, at a redemption price equal to the greater
of 100% of the principal amount of the Notes to be redeemed, and the sum of the present values of the remaining scheduled payments of
principal and interest (at the rate in effect on the date of calculation of the redemption price) on the Notes to be redeemed that would
be due if such Notes matured on June 17, 2034 (exclusive of interest accrued but unpaid to the date of redemption) discounted to
their present value as of such redemption date on a semi-annual basis (assuming a 360 day year consisting of twelve 30 day months) at
the applicable Treasury Yield, as determined by the Reference Treasury Dealers, plus 20 basis points, in each case, plus accrued and unpaid
interest, if any, on the Notes to the date of redemption.
On or after June 17, 2034 (three months before maturity), BLFC
may elect to redeem and repay the Notes, in whole or in part from time to time at a redemption price equal to 100% of the principal amount
of the Notes being redeemed on the redemption date. BLFC will pay accrued and unpaid interest on the Notes redeemed to the redemption
date. See “Description of the Notes—Optional Redemption by BLFC” in the preliminary prospectus supplement for more information. |
Special Mandatory Redemption: |
If the consummation of the Acquisition does not occur on or before the later of (x) June 20, 2025 and (y) the date that is five business days after any later date to which the parties of the Business Combination Agreement may agree to extend the “Outside Date” in the Business Combination Agreement the “Special Mandatory Redemption End Date”), (ii) BLFC notifies the trustee and the holders of the Notes that Bunge will not pursue the consummation of the Acquisition; or (iii) the Business Combination Agreement has been terminated without the consummation of the Acquisition (each of (i), (ii) and (iii), BLFC shall be obligated to redeem all of the 2034 at a redemption price equal to 101% of the principal amount thereof plus accrued and unpaid interest, if any, to, but excluding, the Special Mandatory Redemption Date. |
|
|
Joint Book-Running Managers: |
SMBC Nikko Securities America, Inc.
BNP Paribas Securities Corp.
BofA Securities, Inc.
J.P. Morgan Securities LLC
Mizuho Securities USA LLC
BMO Capital Markets Corp.
Rabo Securities USA, Inc. |
Senior Co-Managers: |
ANZ Securities, Inc.
BBVA Securities Inc.
Citigroup Global Markets Inc.
Commerz Markets LLC
Credit Agricole Securities (USA) Inc.
HSBC Securities (USA) Inc.
ING Financial Markets LLC
MUFG Securities Americas Inc.
Natixis Securities Americas LLC
Oversea-Chinese Banking Corporation Limited***
PNC Capital Markets LLC
Santander US Capital Markets LLC
Standard Chartered Bank****
Scotia Capital (USA) Inc.
Wells Fargo Securities, LLC |
|
|
Co-Managers: |
Cabrera Capital Markets LLC
Deutsche Bank Securities Inc.
ICBC Standard Bank Plc
Bank of China (Europe) S.A. |
* Note: A securities rating is not a recommendation to buy, sell or
hold securities and may be subject to revision or withdrawal at any time.
**We expect that delivery of the notes will be made to investors in
book-entry form through the facilities of The Depository Trust Company and its participants, including Euroclear Bank, SA/NV and Clearstream
Banking S.A., on or about September 17, 2024, which will be the fifth business day following the date of this pricing term sheet
(such settlement cycle being referred to as “T+5”). Under Rule 15c6-1 under the Securities Exchange Act of 1934, as amended,
trades in the secondary market generally are required to settle in one business day, unless the parties to any such trade expressly agree
otherwise. Accordingly, purchasers who wish to trade the notes prior to the date that is more than one business day preceding the settlement
date will be required, by virtue of the fact that the notes initially settle in T+5, to specify an alternate settlement arrangement at
the time of any such trade to prevent a failed settlement. Purchasers of the notes who wish to trade the notes prior to the settlement
date should consult their advisors.
*** Oversea-Chinese Banking Corporation Limited (“OCBC”)
is restricted in its securities dealings in the United States and OCBC will not offer and sell notes in the United States. OCBC will not
agree to procure purchasers to purchase notes that are offered or sold in the United States. OCBC shall offer and sell the Securities
constituting part of its allotment solely outside the United States.
**** Standard Chartered Bank will not effect any offers or sales of
any notes in the United States unless it is through one or more U.S. registered broker-dealers as permitted by the regulations of FINRA.
The issuer has filed a registration statement (including a prospectus)
with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus supplement and accompanying
prospectus related to that registration statement and other documents that Bunge Global SA, the Guarantor, has filed with the SEC for
more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site
at www.sec.gov. Alternatively, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if
you request it by calling SMBC Nikko Securities America, Inc. toll-free at +1-888-868-6856, BNP Paribas Securities Corp. at +1-800-854-5674,
BofA Securities, Inc. at +1-800-294-1322, J.P. Morgan Securities LLC at +1-212-834-4533, or Mizuho Securities USA LLC toll-free at
+1-866-271-7403.
EXHIBIT B
FORM OF OPINION OF SWISS COUNSEL TO THE
GUARANTOR
[Provided under separate cover]
EXHIBIT C
FORM OF OPINION OF JONES DAY, U.S. COUNSEL
TO THE COMPANY AND THE GUARANTOR
[Provided under separate cover]
EXHIBIT D
FORM OF OPINION OF CHIEF LEGAL OFFICER
TO THE COMPANY AND THE GUARANTOR
[Provided under separate cover]
Exhibit
99.1
|
Media
Contact: |
Bunge News Bureau
Bunge
636-292-3022
news@bunge.com |
|
|
|
|
Investor Contact: |
Ruth Ann Wisener
Bunge
636-292-3014
Ruthann.wisener@bunge.com |
Bunge Global
SA Announces Pricing of $2.0 Billion Senior Notes Offering
ST. LOUIS, MO – September 10,
2024 — Bunge Global SA (NYSE: BG) (the “Company” or “Bunge”) today announced that Bunge Limited
Finance Corp., its wholly owned finance subsidiary, has successfully priced a public offering of $2.0
billion aggregate principal amount, comprised of three tranches of senior unsecured notes (collectively, the “Senior Notes”),
as follows:
| · | $400
million aggregate principal amount of 4.100%
Senior Notes due 2028; |
| · | $800
million aggregate principal amount of 4.200%
Senior Notes due 2029; and |
| · | $800
million aggregate principal amount of 4.650%
Senior Notes due 2034. |
The Senior Notes will be fully and unconditionally guaranteed by Bunge
Global SA on a senior unsecured basis. The offering was made pursuant to a registration statement filed with the U.S. Securities and
Exchange Commission. The offering is expected to close on September 17, 2024, subject to the satisfaction of customary closing conditions.
Bunge intends to use the net proceeds from the offering of the Senior
Notes to fund a portion of the cash consideration for Bunge’s proposed acquisition (the “Business Combination”) of Viterra Limited
(“Viterra”) and to repay a portion of certain Viterra debt to be assumed in connection with the Business Combination, including, in
each case, related fees and expenses, and, with any remaining amounts, for general corporate purposes.
Each series of Senior Notes will be subject to a special mandatory
redemption (at a price equal to 101% of the aggregate principal amount of such series of Senior Notes, plus accrued and unpaid interest,
if any, to, but excluding, the special mandatory redemption date) under certain circumstances if the Business Combination is not consummated or
is not consummated by an agreed upon date.
SMBC Nikko Securities America, Inc., BNP Paribas Securities Corp.,
BofA Securities, Inc., J.P. Morgan Securities LLC, Mizuho Securities USA LLC, BMO Capital Markets Corp. and Rabo Securities USA, Inc.
are acting as joint book-running managers for the offering of Senior Notes. ANZ Securities, Inc., BBVA Securities Inc., Citigroup
Global Markets Inc., Commerz Markets LLC, Credit Agricole Securities (USA) Inc., HSBC Securities (USA) Inc., ING Financial
Markets LLC, MUFG Securities Americas Inc., Natixis Securities Americas LLC, Oversea-Chinese Banking Corporation Limited, PNC Capital
Markets LLC, Santander US Capital Markets LLC, Standard Chartered Bank, Scotia Capital (USA) Inc. and Wells Fargo Securities, LLC are
acting as senior co-managers for the offering of Senior Notes. Cabrera Capital Markets LLC, Deutsche Bank Securities Inc., ICBC Standard Bank Plc and Bank of China (Europe) S.A. are acting as co-managers for the offering of Senior Notes.
This offering of Senior Notes may be made only by means of the prospectus
supplement and the accompanying prospectus related to the offering. Copies of the prospectus supplement and the accompanying prospectus
relating to the offering can be obtained by contacting SMBC Nikko Securities America, Inc. by phone at 1-888-868-6856 or by email
at prospectus@smbcnikko-si.com, BNP Paribas Securities Corp. by phone at 1-800-854-5674 or by email at DL.US.Syndicate.Support@us.bnpparibas.com,
BofA Securities, Inc. by phone at 1-800-294-1322 or by email at dg.prospectus_requests@bofa.com, J.P. Morgan Securities LLC at 1-212-834-4533,
or Mizuho Securities USA LLC at 1-866-271-7403.
This press release shall not constitute an offer to sell or a solicitation
of an offer to buy, nor shall there be any sale of, these Senior Notes in any jurisdiction in which such an offer, solicitation or sale
would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
About
Bunge
At Bunge (NYSE: BG), our purpose is to connect farmers to consumers
to deliver essential food, feed and fuel to the world. With more than two centuries of experience, unmatched global scale and deeply
rooted relationships, we work to strengthen global food security, increase sustainability where we operate, and help communities prosper.
As a world leader in oilseed processing and a leading producer and supplier of specialty plant-based oils and fats, we value our partnerships
with farmers to bring quality products from where they’re grown to where they’re consumed. At the same time, we collaborate
with our customers to develop tailored and innovative solutions to meet evolving dietary needs and trends in every part of the world.
Our Company has its registered office in Geneva, Switzerland and its corporate headquarters in St. Louis, Missouri. We have approximately
23,000 dedicated employees working across approximately 300 facilities located in more than 40 countries.
Website
Information
We routinely post important information for investors on our website,
www.bunge.com, in the "Investors" section. We may use this website as a means of disclosing material, non-public information
and for complying with our disclosure obligations under Regulation FD. Accordingly, investors should monitor the Investors section of
our website, in addition to following our press releases, U.S. Securities and Exchange Commission ("SEC") filings, public conference
calls, presentations and webcasts. The information contained on, or that may be accessed through, our website is not incorporated by
reference into, and is not a part of, this document.
Cautionary
Statement Concerning Forward Looking Statements
The Private
Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward looking statements to encourage companies to
provide prospective information to investors. This press release includes forward looking statements that reflect our current expectations
about the size, timing and terms of the proposed offering. Forward looking statements include all statements that are not historical
in nature. We have tried to identify these forward looking statements by using words including "may," "will," "should,"
"could," "expect," "anticipate," "believe," "plan," "intend," "estimate,"
"continue" and similar expressions. These forward looking statements are subject to a number of risks, uncertainties, assumptions
and other factors that could cause our actual results, performance, prospects or opportunities to differ materially from those expressed
in, or implied by, these forward looking statements. The following factors, among others, could cause actual results to differ from these
forward looking statements: our ability to complete the proposed offering on the expected timing and terms, or at all, the impact
on our employees, operations, and facilities from the war in Ukraine and the resulting economic and other sanctions imposed
on Russia, including the impact on us resulting from the continuation and/or escalation of the war and sanctions against Russia;
the effect of weather conditions and the impact of crop and animal disease on our business; the impact of global and regional economic,
agricultural, financial and commodities market, political, social and health conditions; changes in government policies and laws affecting
our business, including agricultural and trade policies, financial markets regulation and environmental, tax and biofuels regulation;
the impact of seasonality; the impact of government policies and regulations; the outcome of pending regulatory and legal proceedings;
our ability to complete, integrate and benefit from acquisitions, divestitures, joint ventures and strategic alliances, including without
limitation Bunge’s pending business combination with Viterra; the impact of industry conditions, including fluctuations in supply,
demand and prices for agricultural commodities and other raw materials and products that we sell and use in our business, fluctuations
in energy and freight costs and competitive developments in our industries; the effectiveness of our capital allocation plans, funding
needs and financing sources; the effectiveness of our risk management strategies; operational risks, including industrial accidents,
natural disasters, pandemics or epidemics and cybersecurity incidents; changes in foreign exchange policy or rates; the impact of our
dependence on third parties; our ability to attract and retain executive management and key personnel; and other factors affecting our
business generally. The forward looking statements included in this release are made only as of the date of this release, and except
as otherwise required by federal securities law, we do not have any obligation to publicly update or revise any forward looking statements
to reflect subsequent events or circumstances.
v3.24.2.u1
X |
- DefinitionBoolean flag that is true when the XBRL content amends previously-filed or accepted submission.
+ References
+ Details
Name: |
dei_AmendmentFlag |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionFor the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.
+ References
+ Details
Name: |
dei_DocumentPeriodEndDate |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:dateItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.
+ References
+ Details
Name: |
dei_DocumentType |
Namespace Prefix: |
dei_ |
Data Type: |
dei:submissionTypeItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAddress Line 1 such as Attn, Building Name, Street Name
+ References
+ Details
Name: |
dei_EntityAddressAddressLine1 |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
dei_EntityAddressCityOrTown |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionISO 3166-1 alpha-2 country code.
+ References
+ Details
Name: |
dei_EntityAddressCountry |
Namespace Prefix: |
dei_ |
Data Type: |
dei:countryCodeItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionCode for the postal or zip code
+ References
+ Details
Name: |
dei_EntityAddressPostalZipCode |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionA unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityCentralIndexKey |
Namespace Prefix: |
dei_ |
Data Type: |
dei:centralIndexKeyItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionIndicate if registrant meets the emerging growth company criteria.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityEmergingGrowthCompany |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionCommission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.
+ References
+ Details
Name: |
dei_EntityFileNumber |
Namespace Prefix: |
dei_ |
Data Type: |
dei:fileNumberItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTwo-character EDGAR code representing the state or country of incorporation.
+ References
+ Details
Name: |
dei_EntityIncorporationStateCountryCode |
Namespace Prefix: |
dei_ |
Data Type: |
dei:edgarStateCountryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityRegistrantName |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityTaxIdentificationNumber |
Namespace Prefix: |
dei_ |
Data Type: |
dei:employerIdItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionLocal phone number for entity.
+ References
+ Details
Name: |
dei_LocalPhoneNumber |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 13e -Subsection 4c
+ Details
Name: |
dei_PreCommencementIssuerTenderOffer |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 14d -Subsection 2b
+ Details
Name: |
dei_PreCommencementTenderOffer |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTitle of a 12(b) registered security.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b
+ Details
Name: |
dei_Security12bTitle |
Namespace Prefix: |
dei_ |
Data Type: |
dei:securityTitleItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionName of the Exchange on which a security is registered.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection d1-1
+ Details
Name: |
dei_SecurityExchangeName |
Namespace Prefix: |
dei_ |
Data Type: |
dei:edgarExchangeCodeItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Section 14a -Number 240 -Subsection 12
+ Details
Name: |
dei_SolicitingMaterial |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTrading symbol of an instrument as listed on an exchange.
+ References
+ Details
Name: |
dei_TradingSymbol |
Namespace Prefix: |
dei_ |
Data Type: |
dei:tradingSymbolItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Securities Act -Number 230 -Section 425
+ Details
Name: |
dei_WrittenCommunications |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
Grafico Azioni Bunge Global (NYSE:BG)
Storico
Da Dic 2024 a Gen 2025
Grafico Azioni Bunge Global (NYSE:BG)
Storico
Da Gen 2024 a Gen 2025