The agricultural commodities firm has mandated BNP Paribas, Calyon, Fortis Bank, ING, Lloyds TSB Bank, Rabobank, Royal Bank of Scotland, Société Générale and Standard Chartered as bookrunners.
The new loan will mature in April 2011, at the same time as the firm’s outstanding $650m three year revolver. That line was increased from $400m in March 2008 in a deal supported by a syndicate of 25 banks and which was 90% oversubscribed. In the next round of refinancing, Bunge intends to consolidate the two loans into one European credit facility.
Earlier this year, the Baa2/BBB-/BBB rated firm raised around $760m in a follow-on public offering of common shares.
