Deals this week: Bunge Limited Finance, Seaboard
Bunge Limited’s wholly owned finance subsidiary Bunge Limited Finance (BLFC) plans to raise $400m in aggregate principal amount in a public offering of 3% senior notes due 2022.
BLFC also proposes to raise $600m in a public offering of 3.75% senior notes due 2027.
Based in the US, Bunge Limited is engaged in food and agribusinesses.
Global food and transportation company Seaboard has entered a memorandum of understanding (MoU) with Mimran Group to acquire the latter’s flour milling assets in Senegal, Ivory Coast, and Monaco, West Africa.
The newly acquired assets will be placed under Seaboard’s commodity trading and milling segment.
The assets are expected to enhance the company’s flour and feed milling capacity to more than 24,000t a day, an increase of 15%, while the grain trading volume is expected to be increased by approximately 9% to 10.5 million metric tonnes a year.