White Plains-based Bunge to sell $250M in notes
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- March
- 20
Bunge Ltd., the world’s largest oilseed producer, has announced its Bunge N.A. Finance LP unit plans to sell $250 million in 10-year notes due 2017. The fixed-rate 5.9 percent notes are guaranteed by the parent company, White Plains-based Bunge said.
The transaction is expected to close Thursday.
The finance unit intends to use the proceeds from the offering to purchase preferred stock of an unnamed U.S. subsidiary of Bunge Ltd., and to repay existing debt.
J.P. Morgan Securities Inc. and Morgan Stanley & Co. are managing the offering, Bunge said.
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on Tuesday, March 20th, 2007 at 4:18 pm by David Schepp.
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Category: Raising cash
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