Bunge

Bunge Finance Europe - RCF

Borrower (s)
Bunge
Industry
Agri/Soft Commodities/Agribusiness
Area of finance
Commodity Trade Finance
Region
North America
Countries
Bermuda

Deal Overview

Structured as an SLL, this 3-year revolving credit facility is Bunge’s first sustainable finance transaction. Through a sustainability-linked mechanism, the interest rate under the facility is tied to the performance of five sustainability-related performance targets that highlight and measure...

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Structured as an SLL, this 3-year revolving credit facility is Bunge’s first sustainable finance transaction. Through a sustainability-linked mechanism, the interest rate under the facility is tied to the performance of five sustainability-related performance targets that highlight and measure Bunge’s continued advancement of its sustainability initiatives across three areas: 1) reducing greenhouse gas emissions by improving industrial efficiency; 2) increasing traceability for main agricultural commodities; and 3) supporting increasing levels of adoption of sustainable practices across the wider soybean and palm supply chain. The transaction closed at $1.75 bn making it one the largest SLLs with an agricultural commodities merchant. The transaction attracted ssubstantial oversubscription and a broad participation from 41 institutions.

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Deal Volume
$1.75bn
Financial Close
16 December 2019
Sources
Submitted by participant(s), TXF article, Article in other media

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