BUNGELTD: conclusion of a material definitive agreement, creation of a direct financial obligation or obligation under an off-balance sheet arrangement of a holder, financial statements and supporting documents (Form 8-K)
Item 1.01 Conclusion of a Material Definitive Agreement
revolving credit facility (the “Revolving Loan Facility”) which matures on
Borrowings under the Credit Agreement will bear interest, at BLFC’s option, at LIBOR plus the Applicable Margin (defined below) or weekly reset LIBOR then in effect plus the Applicable Margin. The Margin applicable to a LIBOR Loan or Weekly Reset LIBOR Loan (the “Applicable Margin”) (i) will vary between 1.00% and 1.625% for the Revolving Credit Facility and (ii) will vary between 1.100% and 1.725 % for the Loan term and be based on the highest unsecured senior long-term debt rating that
The Credit Agreement contains certain customary representations and warranties and affirmative and negative covenants, including certain limitations on BLFC’s ability, among other things, to contract liens, incur debt, sell or transfer assets or receivables. or to engage in mergers, consolidations, mergers or joint ventures and the usual events of default.
BLFC’s obligations under the Credit Agreement are guaranteed by
in accordance with a separate warranty agreement, dated
maintain a ratio of minimum total consolidated current assets to total adjusted consolidated current liabilities, a ratio of consolidated adjusted net debt to maximum adjusted capitalization and a maximum principal balance of guaranteed debt. The Guarantee also includes certain limitations on the capacity of
From time to time, certain of the Lenders under the Credit Agreement and / or their affiliates provide financial services to
The credit agreement and the guarantee are included in Exhibits 10.1 and 10.2 respectively hereof and are incorporated by reference herein. The foregoing descriptions of the Credit Agreement and Guarantee do not claim to be complete and are qualified in their entirety by reference to the full text of these documents.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
The information set out in Section 1.01 of this current report on Form 8-K is incorporated by reference in this Section 2.03.
Item 9.01 Financial Statements and Exhibits (d) Exhibits Exhibit No. Description 10.1 Credit Agreement, dated
October 29, 2021, among Bunge Limited Finance Corp., as Borrower, CoBank ACB, as Administrative Agent and Lead Arranger, and certain lenders party thereto 10.2 Guaranty by Bunge Limitedpursuant to the Credit Agreement, dated October 29, 2021104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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