Bunge Increases its Accounts Receivable Securitization Program to $1.1 Billion and Adds Enhanced Sustainability Linked Targets
31 Março 2022 - 5:30PM
Business Wire
Bunge (NYSE:BG) has closed on an amendment of its Accounts
Receivable Securitization Program increasing its committed capacity
from US$925 million to US$1.1 billion. In addition, the interest
rate under this program is now linked to the Company’s five core
sustainability targets tied to its recently established
science-based targets (SBTs). The targets define Bunge’s climate
goals and reinforce the Company’s commitment to eliminate
deforestation in its supply chains in 2025.
“With this second sustainability-linked financing, we continue
to create meaningful connections between Bunge’s capital structure
and our sustainability strategy. We are pleased with our progress
against our ESG targets, which gives us the confidence to add such
targets linked to this program,” said John Neppl, Bunge’s Chief
Financial Officer.
In December 2021, Bunge announced that it had refinanced its
revolving credit facility tied to enhanced sustainability-linked
targets.
Rabobank is the administrative agent and BNP Paribas, Credit
Agricole and Rabobank are committed purchasers in the transaction.
In addition, Crédit Agricole Corporate & Investment Bank will
serve as Sustainability Coordinator.
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.
Cautionary Statement Concerning Forward-Looking
Statements
This Bunge press release contains both historical and
forward-looking statements. All statements, other than statements
of historical fact are, or may be deemed to be, forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. These forward-looking statements are not based
on historical facts, but rather reflect our current expectations
and projections about our future results, performance, prospects
and opportunities. 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 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 important factors, among
others, could cause actual results to differ from these
forward-looking statements: the impacts of the COVID-19 pandemic
and other potential pandemic outbreaks; 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 governmental 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;
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 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; other factors
affecting our business generally; and the risks and uncertainties
described in our Securities and Exchange Commission filings,
including those set forth in the Risk Factors section and under the
heading “Cautionary Statement Regarding Forward Looking Statements”
in our most recently filed Annual Report on Form 10-K. 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20220331005702/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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