Bunge Refinances its $1.75 Billion Revolving Credit Facility Tied to Enhanced Sustainability Linked Targets
16 Dezembro 2021 - 6:05PM
Business Wire
Bunge (NYSE:BG) has closed on the refinancing of its US$1.75
billion, three-year revolving credit facility. The interest rate
under this facility is linked to the Company’s credit ratings and
also to five core sustainability targets, which include the
recently established science-based targets (SBTs) that define
Bunge’s climate goals within its operations and reinforce the
Company’s commitment to eliminate deforestation in its supply
chains by 2025.
The transaction, done through Bunge Finance Europe B.V., a
wholly owned subsidiary of Bunge Limited, refinances the company’s
existing facility which was converted into Bunge’s first ever
sustainability-linked loan on December 16, 2019.
“As an early adopter of sustainability-linked loan mechanisms,
we created a meaningful connection between Bunge’s capital
structure and our sustainability strategy. We are pleased with the
progress our team is delivering against our annual ESG targets,
which gives us the confidence to enhance the targets linked to this
facility. We will continue to focus on bringing forward sustainable
business solutions everywhere we have a presence and where we can
effect positive change,” said John Neppl, Bunge’s Chief Financial
Officer.
BNP Paribas, Credit Agricole Corporate and Investment Bank, ING
Bank, Natixis and Sumitomo Mitsui Banking Corporation served as
Active Bookrunners, Mandated Lead Arrangers and Coordinators on the
transaction. In addition, Natixis and BNP Paribas served as
Sustainability Coordinators.
ANZ Banking Group, Banco Santander, Bank of China, Bank of
Montreal, Citibank, Deutsche Bank, Industrial and Commercial Bank
of China, Mizuho Bank, MUFG Bank, Rabobank, Royal Bank of Canada,
Standard Chartered Bank, U.S. Bank and Wells Fargo Bank have also
acted as Mandated Lead Arrangers and Bookrunners for this
transaction.
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 put quality food on the
table, increase sustainability where we operate, strengthen global
food security, and help communities prosper. As the world’s leader
in oilseed processing and a leading producer and supplier of
specialty plant-based oils and fats, we value our partnerships with
farmers to improve the productivity and environmental efficiency of
agriculture across our value chains and to bring quality products
from where they’re grown to where they’re consumed. At the same
time, we collaborate with our customers to create and reimagine the
future of food, developing tailored and innovative solutions to
meet evolving dietary needs and trends in every part of the world.
Our Company is headquartered in St. Louis, Missouri, and we have
almost 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, 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20211216005972/en/
Media Contact: Bunge News Bureau Bunge 636-292-3022
news@bunge.com
Investor Contact: Ruth Ann Wisener Bunge Limited 636-292-3014
Ruthann.wisener@bunge.com
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