Bunge Global SA priced a $1.2 billion senior notes offering on March 17, 2026, comprising a $500 million 4.800% note due 2033 and a $700 million 5.150% note due 2036. The notes will be sold to institutional investors and are expected to close on March 19, 2026.
The proceeds will be used for general corporate purposes, including debt repayment, refinancing existing obligations, working‑capital needs, capital expenditures, stock repurchases, and investments in subsidiaries. The issuance is part of Bunge’s disciplined capital allocation strategy, which targets returning at least 50 % of discretionary cash flow to shareholders through dividends and a $3 billion share repurchase program.
Bunge’s balance sheet remains strong, with a debt‑to‑equity ratio of 0.51 and a current ratio of 1.61 before the issuance. The new notes are expected to be leverage neutral, and S&P Global Ratings assigned an A‑ issue‑level rating, indicating that the transaction will not materially affect the company’s credit profile.
The financing follows the completion of the Viterra acquisition in July 2025, which expanded Bunge’s global reach and operational scale. Management highlighted the integration of Viterra as a key driver of future growth, noting that realized synergies are ahead of schedule and that the combined entity is positioned to capture new market opportunities.
The announcement aligns with Bunge’s updated mid‑cycle earnings‑per‑share baseline of approximately $13, with a target of $15 by 2030, and supports the company’s commitment to shareholder returns through dividends and share repurchases.
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