Bunge Global SA Stock Price, News & Analysis

Bunge Global SA (NYSE: BG) announced that its subsidiary, Bunge Finance Corp. (BLFC), has extended the expiration date of its exchange offers for Viterra Finance B.V.'s notes to May 5, 2025. The exchange offers cover four series of notes with varying interest rates and maturities, totaling up to $1.95 billion in aggregate principal amount.

The exchange offers have received significant participation, with tender rates ranging from 96.1% to 99.1% across the different note series. This extension is related to Bunge's pending acquisition of Viterra, which is expected to close in the next several months pending remaining regulatory approvals.

The exchange offers include:

• 2.000% Notes due 2026 (96.1% tendered)
• 4.900% Notes due 2027 (97.4% tendered)
• 3.200% Notes due 2031 (99.1% tendered)
• 5.250% Notes due 2032 (97.3% tendered)

Bunge (BG) has entered into an agreement to sell its European margarines and spreads business to Vandemoortele, a family-owned European food group specializing in margarines and plant-based oils & fats. The transaction includes:

- Operations in Germany, Finland, Poland and Hungary
- Manufacturing facilities for spreads and margarine
- Portfolio of 20 consumer brands

The deal's completion is subject to standard closing conditions and regulatory approval. This strategic move aligns with Bunge's focus on maintaining global leadership in integrated oilseeds and grains value chains, along with its B2B ingredients business in oils, emulsifiers, and proteins.

Bunge Global SA (NYSE: BG) announced that its subsidiary, Bunge Finance Corp. (BLFC), has extended the expiration date of its exchange offers and consent solicitations from March 7, 2025, to April 7, 2025. The exchange offers involve swapping Viterra Finance B.V.'s outstanding notes for up to $1.95 billion in new Bunge notes and cash.

The extension relates to Bunge's pending acquisition of Viterra, which is expected to close in the next several months pending remaining regulatory approvals. The previously received consents are sufficient to amend the existing Viterra indentures, with supplemental indentures executed on September 23, 2024, becoming operative upon settlement.

The exchange offers remain subject to certain conditions, including the completion of the Viterra acquisition. All previously tendered notes remain valid, and holders can withdraw their tenders until the new expiration date.

Bunge Global (NYSE: BG) reported its Q4 and full-year 2024 results, showing a decline in financial performance. Full-year GAAP diluted EPS decreased to $7.99 from $14.87 in the prior year, while adjusted EPS fell to $9.19 from $13.66. Q4 GAAP diluted EPS increased to $4.36 from $4.18, though adjusted EPS declined to $2.13 from $3.70.

The company repurchased $500 million of shares during Q4, bringing the total share repurchases for 2024 to $1.1 billion. Bunge is in the final stages of regulatory processes for Viterra and CJ Selecta acquisitions. The company's 2024 performance was marked by lower Processing results in Agribusiness and decreased Refined and Specialty Oils results, particularly in North America.

Looking ahead to 2025, Bunge forecasts adjusted EPS of approximately $7.75, expecting lower results in both Agribusiness Processing and Merchandising segments, as well as decreased performance in Refined and Specialty Oils.

Bunge Global SA (NYSE: BG) announced that its subsidiary, Bunge Finance Corp. (BLFC), has extended the expiration date of its exchange offers from February 3, 2025, to March 7, 2025. The exchange offers involve swapping Viterra Finance B.V.'s outstanding notes for up to $1.95 billion in new BLFC notes guaranteed by Bunge, plus cash.

As of January 31, 2025, high participation rates were recorded with 96.4% to 99.3% of existing notes tendered across different series. The exchange offers are contingent on Bunge's pending acquisition of Viterra, which requires antitrust approvals. Bunge expects to receive remaining approvals and close the Business Combination in the next several months.

Previously tendered notes remain valid, and holders can withdraw their tenders until the new expiration date. The exchange offers are only available to qualified institutional buyers and non-U.S. persons meeting specific eligibility criteria.

Bunge Global SA (NYSE: BG) has scheduled its fourth quarter 2024 earnings release and conference call for Wednesday, February 5, 2025. The company will release its financial results before market opening, followed by a management conference call at 7:00 a.m. Central Time.

A slide presentation will be available on www.bunge.com. Investors can access the webcast through the company's website under the 'Investor Center' section. US and Canada participants can dial 1-844-735-3666, while international callers should use 1-412-317-5706.

A replay of the call will be available on the same day and continue through March 5, 2025. Replay numbers are 1-877-344-7529 (US), 1-855-669-9658 (Canada), and 1-412-317-0088 (international), using confirmation code 6384373.

Bunge Global SA (NYSE: BG) announced that its subsidiary, Bunge Finance Corp. (BLFC), has extended the expiration date of its exchange offers for Viterra Finance B.V.'s notes to February 3, 2025. The exchange offers cover up to $1.95 billion aggregate principal amount of notes with varying interest rates due in 2026, 2027, 2031, and 2032.

The exchange offers are contingent on Bunge's pending acquisition of Viterra, which is expected to close in the next several months pending remaining regulatory approvals. As of December 30, 2024, high participation rates were recorded with 95.8% to 99.3% of existing notes tendered across different series.

Bunge has achieved 100% traceability and monitoring of both direct and indirect soy purchases in priority regions of Brazil's Cerrado biome, becoming the first global commodity exporter to reach this milestone. The accomplishment covers priority regions at risk of deforestation in Maranhão, Tocantins, Piauí, Bahia and Mato Grosso. Through its Sustainable Partnership program, Bunge collaborates with over 90 grain resellers, monitoring approximately 2,000 properties across 2 million hectares. The company has partnered with Vega Monitoramento to provide the LYRA platform, offering satellite monitoring and socio-environmental compliance tools, which will now be made available to other companies in the sector.

Bunge Global (NYSE: BG) announced its Board's authorization of an additional $500 million share repurchase program on November 13, 2024. This expansion adds to the approximately $800 million remaining from a previous program authorized in June 2023, bringing the total authorization to $1.3 billion. The company plans to use proceeds from the sale of its sugar and bioenergy joint venture interest to fund the expanded program. The repurchases can be executed through various means, including open market and private transactions, with timing and volume dependent on market conditions.