Bunge Global SA increased the commitment capacity of its Accounts Receivable Securitization Program to $2 billion, a change that became effective on March 31, 2026 and was announced on April 13, 2026. The expansion incorporates the recently merged Viterra Limited, giving Bunge additional off‑balance‑sheet financing options for its working‑capital needs.
Bunge’s 2025 financial results show a decline in profitability that underscores the need for stronger liquidity. GAAP diluted earnings per share fell to $4.93 from $7.99 in 2024, while adjusted EPS dropped to $7.57 from $9.19. Net income attributable to Bunge was $816 million in 2025 versus $1,137 million in 2024. The financing expansion is therefore a strategic response to a tighter earnings profile and the debt load that grew to $14.1 billion after the Viterra acquisition.
The program’s expansion is driven by several business imperatives. First, the integration of Viterra has added $9.8 billion of debt and a larger receivables base, creating a need for additional liquidity. Second, the new capacity reduces Bunge’s reliance on traditional debt, providing a more flexible source of working‑capital funding. Finally, the extra financing supports the company’s capital‑allocation plans, including share repurchases and debt repayment, and positions Bunge to capture integration synergies more quickly.
Management highlighted the strategic importance of the move. CEO Greg Heckman said, "Together, we've formed a stronger organization with enhanced capabilities and expertise to meet the evolving needs of our customers, maximize value for our stakeholders and fulfill our shared purpose to connect farmers to consumers to deliver food, feed and fuel to the world." In February 2026, he added, "2025 was a year of significant achievement for Bunge. We completed our transformational combination with Viterra, advanced major growth projects across our global network while successfully navigating evolving markets and geopolitical uncertainty. I'm incredibly proud of how our team executed, integrating two world‑class organizations, aligning on our operating model, and beginning to capture operational and commercial synergies."
The securitization program also underwent several structural changes: the margin was revised, sustainability provisions were removed, a U.S. subsidiary was added as a seller, a German subsidiary was removed, and the accordion feature was reduced from $1 billion to $500 million. These adjustments streamline the program and align it more closely with Bunge’s current operating model, further enhancing the company’s financial flexibility and supporting its long‑term growth strategy.
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