(RTTNews) – Bunge International SA (BG), Friday introduced that its subsidiary, Bunge Restricted Finance Corp. or BLFC, has prolonged the expiration date for its beforehand introduced change affords and consent solicitations associated to Viterra Finance B.V.’s current notes.
The deadline has been moved from April 7, 2025, to Might 5, 2025, with a doable additional extension.
On September 20, 2024, BLFC secured adequate consents to amend the indentures governing Viterra’s excellent notes, resulting in the execution of supplemental indentures on September 23, 2024. These amendments will take impact upon the settlement of the change affords and consent solicitations, anticipated inside two enterprise days after the brand new expiration date.
The change affords and consent solicitations are contingent on the completion of Bunge’s pending acquisition of Viterra, which stays topic to regulatory approvals and different circumstances. Whereas the enterprise mixture isn’t depending on the change affords, BLFC might lengthen the expiration date additional if crucial. Bunge expects to finalize the acquisition within the coming months.
As of April 4, 2025, a good portion of the prevailing Viterra notes had been tendered, with participation charges starting from 96.1 % to 99.1 %. Eligible holders can nonetheless withdraw their tenders earlier than the expiration date. The change affords might cut back liquidity for non-exchanged notes and reduce protections for remaining holders.
BG is forex buying and selling at $74.72 or 4.45 % decrease on the NYSE.
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