Bunge

Bunge Announces External Volume Reporting Changes

Retrieved on: 
Wednesday, April 20, 2022
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At Bunge (NYSE: BG), our purpose is to connect farmers to consumers to deliver essential food, feed and fuel to the world.

Key Points: 
  • At Bunge (NYSE: BG), our purpose is to connect farmers to consumers to deliver essential food, feed and fuel to the world.
  • We routinely post important information for investors on our website, www.bunge.com , in the "Investors" section.
  • We may use this website as a means of disclosing material, non-public information and for complying with our disclosure obligations under Regulation FD.
  • This Bunge press release contains both historical and forward-looking statements.

Finacity Facilitates Increase and Expansion of Accounts Receivable Securitization Program to $1.1 Billion for Bunge

Retrieved on: 
Wednesday, April 6, 2022
Company, Growth, NYSE, Bunge, Agriculture, LLC, Farmer, Fats, Time, Bunge Limited, GLOBE, Program, Account, Solution, Efficiency, Food, Renewable energy

STAMFORD, Conn., April 06, 2022 (GLOBE NEWSWIRE) -- Finacity Corporation (Finacity), a White Oak Company, today announced that it has facilitated an increase from US$925 million to $1.1 billion of the commitment capacity for the Accounts Receivable Securitization Program for Bunge Limited (Bunge), a US-based leading global agribusiness and food company.

Key Points: 
  • STAMFORD, Conn., April 06, 2022 (GLOBE NEWSWIRE) -- Finacity Corporation (Finacity), a White Oak Company, today announced that it has facilitated an increase from US$925 million to $1.1 billion of the commitment capacity for the Accounts Receivable Securitization Program for Bunge Limited (Bunge), a US-based leading global agribusiness and food company.
  • As part of the process, Finacity also supported the addition of two new subsidiary company originators for Bunge in its Program.
  • Bunge (NYSE: BG) has the purpose to connect farmers to consumers to deliver essential food, feed and fuel to the world.
  • Finacity currently facilitates the financing and administration of an annual receivables volume in excess of US $150 billion.

Bunge Increases its Accounts Receivable Securitization Program to $1.1 Billion and Adds Enhanced Sustainability Linked Targets

Retrieved on: 
Thursday, March 31, 2022
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Bunge (NYSE:BG) has closed on an amendment of its Accounts Receivable Securitization Program increasing its committed capacity from US$925 million to US$1.1 billion.

Key Points: 
  • Bunge (NYSE:BG) has closed on an amendment of its Accounts Receivable Securitization Program increasing its committed capacity from US$925 million to US$1.1 billion.
  • In addition, the interest rate under this program is now linked to the Companys five core sustainability targets tied to its recently established science-based targets (SBTs).
  • We are pleased with our progress against our ESG targets, which gives us the confidence to add such targets linked to this program, said John Neppl, Bunges Chief Financial Officer.
  • In December 2021, Bunge announced that it had refinanced its revolving credit facility tied to enhanced sustainability-linked targets.

Terra Drone Raises $70 Million in Series B Funding to Accelerate Growth and Worldwide Adoption of Unmanned Aircraft System Traffic Management (UTM) and Urban Air Mobility (UAM) solutions

Retrieved on: 
Wednesday, March 23, 2022
Chevron, JOIN, Aircraft, SBI, Sale, AECOM, Investment, Multimedia, Technology transfer, Shell, UAM, MLIT, Bunge, T&D, Transport, CEO, BASF, JAXA, View, Gas, Software, NDT, Safety, Terra, UT, Urban air mobility, Solution, Efficiency, UTM, ConocoPhillips, Airline, Beekeeping, Tourism, Series

"Our airspace is going to get more crowded than ever, but most companies today are concentrating only on hardware development," says Toru Tokushige, founder and CEO of Terra Drone.

Key Points: 
  • "Our airspace is going to get more crowded than ever, but most companies today are concentrating only on hardware development," says Toru Tokushige, founder and CEO of Terra Drone.
  • "There's an urgent need for a global air traffic management solution to enable safe and efficient drone and UAM operations, and Terra Drone aims to be the leading player building the digital infrastructure in the sky."
  • To that end, Terra Drone has been working with the Japan Aerospace Exploration Agency (JAXA) to coordinate flight management of both crewed and uncrewed aircraft.
  • In Southeast Asia, Terra Drone offers survey, inspection, and surveillance services through group company Terra Drone Indonesia whose clients include Chevron, ConocoPhillips, and AECOM.

Terra Drone Raises $70 Million in Series B Funding to Accelerate Growth and Worldwide Adoption of Unmanned Aircraft System Traffic Management (UTM) and Urban Air Mobility (UAM) solutions

Retrieved on: 
Wednesday, March 23, 2022
Chevron, JOIN, Aircraft, SBI, Sale, AECOM, Investment, Technology transfer, Shell, UAM, MLIT, Bunge, T&D, Transport, CEO, BASF, JAXA, Gas, Software, NDT, Safety, Terra, UT, Urban air mobility, Solution, Efficiency, UTM, ConocoPhillips, Airline, Beekeeping, Tourism, Series

"Our airspace is going to get more crowded than ever, but most companies today are concentrating only on hardware development," says Toru Tokushige, founder and CEO of Terra Drone.

Key Points: 
  • "Our airspace is going to get more crowded than ever, but most companies today are concentrating only on hardware development," says Toru Tokushige, founder and CEO of Terra Drone.
  • "There's an urgent need for a global air traffic management solution to enable safe and efficient drone and UAM operations, and Terra Drone aims to be the leading player building the digital infrastructure in the sky."
  • To that end, Terra Drone has been working with the Japan Aerospace Exploration Agency (JAXA) to coordinate flight management of both crewed and uncrewed aircraft.
  • In Southeast Asia, Terra Drone offers survey, inspection, and surveillance services through group company Terra Drone Indonesia whose clients include Chevron, ConocoPhillips, and AECOM.

Bunge Announces All of its Preferred Shares to Convert Into Common Shares

Retrieved on: 
Friday, March 18, 2022
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In accordance with the certificate of designation governing the preferred shares, the conversion was ultimately triggered by the closing price of $104.91 of the common shares on the NYSE on March 18, 2022.

Key Points: 
  • In accordance with the certificate of designation governing the preferred shares, the conversion was ultimately triggered by the closing price of $104.91 of the common shares on the NYSE on March 18, 2022.
  • Each preferred share will automatically convert into 1.2846 common shares.
  • Currently, there are approximately 6,898,268 preferred shares issued and outstanding prior to the conversion, which will result in the issuance of approximately 8,861,515 new common shares.
  • As a result of the conversion, no preferred shares will be issued or outstanding, and all rights of the former holders of preferred shares will terminate.

Chevron, Bunge Announce Definitive Agreements to Create Joint Venture

Retrieved on: 
Tuesday, February 22, 2022
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Chevron U.S.A. Inc., a subsidiary of Chevron Corporation (NYSE: CVX), and Bunge North America, Inc., a subsidiary of Bunge Limited (NYSE: BG), today announced the signing of definitive transaction agreements to create their previously announced joint venture.

Key Points: 
  • Chevron U.S.A. Inc., a subsidiary of Chevron Corporation (NYSE: CVX), and Bunge North America, Inc., a subsidiary of Bunge Limited (NYSE: BG), today announced the signing of definitive transaction agreements to create their previously announced joint venture.
  • The new venture will create renewable feedstocks leveraging Bunges expertise in oilseed processing and farmer relationships and Chevrons expertise in fuels manufacturing and marketing.
  • View the full release here: https://www.businesswire.com/news/home/20220222006091/en/
    Bunges soybean processing plants in Destrehan, Louisiana and Cairo, Illinois will be contributed to the joint venture with Chevron contributing approximately $600 million in cash.
  • The joint venture may also explore opportunities in other renewable feedstocks, as well as in feedstock pretreatment.

Bunge Refinances its $1.75 Billion Revolving Credit Facility Tied to Enhanced Sustainability Linked Targets

Retrieved on: 
Thursday, December 16, 2021
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Bunge (NYSE:BG) has closed on the refinancing of its US$1.75 billion, three-year revolving credit facility.

Key Points: 
  • Bunge (NYSE:BG) has closed on the refinancing of its US$1.75 billion, three-year revolving credit facility.
  • The transaction, done through Bunge Finance Europe B.V., a wholly owned subsidiary of Bunge Limited, refinances the companys existing facility which was converted into Bunges first ever sustainability-linked loan on December 16, 2019.
  • As an early adopter of sustainability-linked loan mechanisms, we created a meaningful connection between Bunges capital structure and our sustainability strategy.
  • We are pleased with the progress our team is delivering against our annual ESG targets, which gives us the confidence to enhance the targets linked to this facility.

Global PET Packaging Market Growth Opportunities 2021-2026 with Revenue and Share Insights by Product Type, Packaging, End-user Industry, and Region - ResearchAndMarkets.com

Retrieved on: 
Thursday, December 16, 2021
Packaging, Manufacturing, Ice cream, GBP, Bunge, SABIC, Huhtamäki, Drink, Environment, PET, Edible, COVID-19, USD, Acquisition, UV, Adoption, Plastic, Magnum, CAGR, Research, Glass, Transport, CO2, Chemical substance, Technology, Bottled water, Recycling, Paulo, Growth

The "Global PET Packaging Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021-2026)" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Global PET Packaging Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021-2026)" report has been added to ResearchAndMarkets.com's offering.
  • Packaging is moving from rigid to flexible packaging, as there have been many exciting new product developments, which have helped to demonstrate to consumers the true potential of flexible packaging.
  • The adoption of PET can lead to weight reduction by up to 90%, compared to glass, allowing a more economical transportation process.
  • The focus on PET and its market share growth has been reflected by several developments and trends in how brands and products use PET.

Benson Hill Deepens Business, Operations and Food Science Expertise with Senior Strategic Hires During Period of Rapid Commercialization and Growth

Retrieved on: 
Thursday, November 11, 2021
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"At Benson Hill, we have built a category-defining company striving to make a meaningful environmental and social impact in food production by evolving beyond the traditional commodity system," said Matt Crisp , Chief Executive Officer of Benson Hill.

Key Points: 
  • "At Benson Hill, we have built a category-defining company striving to make a meaningful environmental and social impact in food production by evolving beyond the traditional commodity system," said Matt Crisp , Chief Executive Officer of Benson Hill.
  • "Andres, Trent and Ratna share our bold vision and bring extensive experience and diverse expertise to drive execution and innovation across our company."
  • Martin is a member of Benson Hill's Executive Leadership Team reporting to Benson Hill CEO Matt Crisp, and is located in Barcelona, Spain.
  • Benson Hill moves food forward with the CropOSplatform, a cutting-edge food innovation engine that combines data science and machine learning with biology and genetics.