8-K - Bunge Global S.A. | StockGist

AI Analysis

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Bunge Global SA amended its trade receivables securitization program, increasing the aggregate facility size by $500 million to $2 billion while reducing the accordion feature by $500 million to $500 million.

Key Takeaways

1Securitization program aggregate size increased $500 million to $2 billion.

2Accordion feature decreased $500 million from $1 billion to $500 million.

3Added U.S. subsidiary (Bunge USA Grain, LLC) as seller; German subsidiary removed.

4Canadian subsidiary (Bunge Canada Inc.) permitted to join upon conditions.

5Removed sustainability provisions and revised applicable margin.

6Recourse limited to first loss position based on historical receivables performance.

Current Report Details

Event Type

Material Agreement

Financing

Disclosure

Mandatory

Variant

8-K

Items Reported

1.01

Entry into Material Definitive Agreements Amendment to Existing Securitization Program On March 31, 2026, Bunge Global SA (“Bunge”) and certain of its subsidiar

Material Agreement

$500.0M$2.00B$500.0M$1.00B

Source Document

2.03

Creation of Direct Financial Obligation

Financing

Transaction Details

Material Agreement

Agreement: Thirtieth Amendment to the Receivables Transfer Agreement and Ninth Amended and Restated Receivables Transfer Agreement
Parties: Bunge Global SA, Bunge Securitization B.V., Koninklijke Bunge B.V., COÖPERATIEVE RABOBANK U.A., Conduit Purchasers, Committed Purchasers, Purchaser Agents, Bunge USA Grain, LLC, Bunge Canada Inc.

•Increased aggregate size by $500 million to $2 billion
•Decreased accordion feature by $500 million to $500 million
•Revised applicable margin
•Removed sustainability provisions
•Added U.S. subsidiary as additional seller
•Removed German subsidiary as seller
•Permitted Canadian subsidiary to become seller upon conditions
•Customary representations, warranties, covenants, termination events
•Repurchase obligation for ineligible receivables
•Recourse limited to first loss position as subordinated lender

Debt / Financing

Instrument: Trade Receivables Securitization Program
Principal: 2000000000

Exhibits (4)

10.1

EX-10.1

10.2

EX-10.2

10.3

EX-10.3

8-K