Business in the Burbs

Bunge reaches loan agreements with banks

June

Bunge Ltd., the White Plains-based agribusiness giant, said that it has entered into two loan agreements with a group of banks that will give it a borrowing capacity of $1.65 billion.

Banks participating in the loan agreements include JPMorgan Chase Bank, Citibank, BNP Paribas, Calyon New York Branch and CoBank, ACB.

Bunge said that the loan agreements will give the company the financial flexibity to manage and grow its business.

The new credit agreements will replace two existing agreements that were due to expire this year. Bloomberg News also reported that Bunge plans to sell $400 million of 10-year senior notes to give it additional flexibility.

This entry was posted on Thursday, June 4th, 2009 at 12:18 pm by Mike Bieger.
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