Latest news with #publicoffering
Globe and Mail
7 hours ago
- Business
- Globe and Mail
Bunge Global SA Announces Pricing of $1.3 Billion Senior Notes Offering
Bunge Global SA (NYSE: BG) (the 'Company' or 'Bunge') today announced that Bunge Limited Finance Corp., its wholly owned finance subsidiary, has successfully priced a public offering of $1.3 billion aggregate principal amount, comprised of two tranches of senior unsecured notes (collectively, the 'Senior Notes'), as follows: $650 million aggregate principal amount of 4.550% Senior Notes due 2030 (the '2030 Notes'); and $650 million aggregate principal amount of 5.150% Senior Notes due 2035 (the '2035 Notes'). The Senior Notes will be fully and unconditionally guaranteed by Bunge Global SA on a senior unsecured basis. The offering was made pursuant to a registration statement filed with the U.S. Securities and Exchange Commission. The offering is expected to close on August 4, 2025, subject to the satisfaction of customary closing conditions. Bunge intends to use the net proceeds from the offering of the Senior Notes for general corporate purposes. General corporate purposes may include the repayment and refinancing of debt, including certain short-term indebtedness, working capital, capital expenditures, stock repurchases and investments in subsidiaries. Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Mizuho Securities USA LLC, ING Financial Markets LLC, SMBC Nikko Securities America, Inc. and Wells Fargo Securities, LLC are acting as joint book-running managers for the offering of the 2030 Notes. Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Mizuho Securities USA LLC, BBVA Securities Inc., BMO Capital Markets Corp. and SMBC Nikko Securities America, Inc. are acting as joint book-running managers for the offering of the 2035 Notes. Academy Securities, Inc., ANZ Securities, Inc., BofA Securities, Inc., BNP Paribas Securities Corp., Commonwealth Bank of Australia, Credit Agricole Securities (USA) Inc., HSBC Securities (USA) Inc., J.P. Morgan Securities LLC, Natixis Securities Americas LLC, Oversea-Chinese Banking Corporation Limited, Rabo Securities USA, Inc., Scotia Capital (USA) Inc., Standard Chartered Bank and U.S. Bancorp Investments, Inc. are acting as senior co-managers for the offering of the Senior Notes. Cabrera Capital Markets LLC, CIBC World Markets Corp., Commerz Markets LLC, DZ Financial Markets LLC, Goldman Sachs & Co. LLC, ICBC Standard Bank Plc, Loop Capital Markets LLC, PNC Capital Markets LLC, RBC Capital Markets, LLC, Santander US Capital Markets LLC, SEB Securities, Inc., SG Americas Securities, LLC, Siebert Williams Shank & Co., LLC and Westpac Capital Markets LLC are acting as co-managers for the offering of the Senior Notes. This offering of Senior Notes may be made only by means of the prospectus supplement and the accompanying prospectus related to the offering. Copies of the prospectus supplement and the accompanying prospectus relating to the offering can be obtained by contacting Citigroup Global Markets Inc. by phone at 1-800-831-9146 or by email at prospectus@ Deutsche Bank Securities Inc. by phone at 1-800-503-4611 or by email at or Mizuho Securities USA LLC at 1-866-271-7403. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of, these Senior Notes in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. About Bunge At Bunge (NYSE: BG), our purpose is to connect farmers to consumers to deliver essential food, feed and fuel to the world. As a premier agribusiness solutions provider, our team of ~37,000 dedicated employees partner with farmers across the globe to move agricultural commodities from where they're grown to where they're needed—in faster, smarter, and more efficient ways. We are a world leader in grain origination, storage, distribution, oilseed processing and refining, offering a broad portfolio of plant-based oils, fats, and proteins. We work alongside our customers at both ends of the value chain to deliver quality products and develop tailored, innovative solutions that address evolving consumer needs. With 200+ years of experience and presence in over 50 countries, we are committed to strengthening global food security, advancing sustainability, and helping communities prosper where we operate. Bunge has its registered office in Geneva, Switzerland and its corporate headquarters in St. Louis, Missouri. Cautionary Statement Concerning Forward Looking Statements The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward looking statements to encourage companies to provide prospective information to investors. This press release includes forward looking statements that reflect our current expectations about the size, timing and terms of the proposed offering. Forward looking statements include all statements that are not historical in nature. We have tried to identify these forward looking statements by using words including "may," "will," "should," "could," "expect," "anticipate," "believe," "plan," "intend," "estimate," "continue" and similar expressions. These forward-looking statements are subject to a number of risks, uncertainties and other factors that could cause our actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. The following factors, among others, could cause actual results to differ from these forward-looking statements: our ability to complete the proposed offering on the expected timing and terms, or at all; the impact on our employees, operations, and facilities from the war in Ukraine and the resulting economic and other sanctions imposed on Russia, including the impact on us resulting from the continuation and/or escalation of the war and sanctions against Russia; the effect of weather conditions and the impact of crop and animal disease on our business; the impact of global and regional economic, agricultural, financial and commodities market, political, social and health conditions; changes in government policies and laws affecting our business, including agricultural and trade policies, including tariff policies, financial markets regulation and environmental, tax and biofuels regulation; the impact of seasonality; the impact of government policies and regulations; the outcome of pending regulatory and legal proceedings; our ability to complete, integrate and benefit from acquisitions, divestitures, joint ventures and strategic alliances, including without limitation, Bunge's recently completed business combination with Viterra Limited; the impact of industry conditions, including fluctuations in supply, demand and prices for agricultural commodities and other raw materials and products that we sell and use in our business, fluctuations in energy and freight costs and competitive developments in our industries; the effectiveness of our capital allocation plans, funding needs and financing sources; the effectiveness of our risk management strategies; operational risks, including industrial accidents, natural disasters, pandemics or epidemics, wars and cybersecurity incidents; changes in foreign exchange policy or rates; the impact of our dependence on third parties; our ability to attract and retain executive management and key personnel; and other factors affecting our business generally. The forward looking statements included in this release are made only as of the date of this release, and except as otherwise required by federal securities law, we do not have any obligation to publicly update or revise any forward looking statements to reflect subsequent events or circumstances.
Yahoo
7 hours ago
- Business
- Yahoo
Bunge Global SA Announces Pricing of $1.3 Billion Senior Notes Offering
ST. LOUIS, July 31, 2025--(BUSINESS WIRE)--Bunge Global SA (NYSE: BG) (the "Company" or "Bunge") today announced that Bunge Limited Finance Corp., its wholly owned finance subsidiary, has successfully priced a public offering of $1.3 billion aggregate principal amount, comprised of two tranches of senior unsecured notes (collectively, the "Senior Notes"), as follows: $650 million aggregate principal amount of 4.550% Senior Notes due 2030 (the "2030 Notes"); and $650 million aggregate principal amount of 5.150% Senior Notes due 2035 (the "2035 Notes"). The Senior Notes will be fully and unconditionally guaranteed by Bunge Global SA on a senior unsecured basis. The offering was made pursuant to a registration statement filed with the U.S. Securities and Exchange Commission. The offering is expected to close on August 4, 2025, subject to the satisfaction of customary closing conditions. Bunge intends to use the net proceeds from the offering of the Senior Notes for general corporate purposes. General corporate purposes may include the repayment and refinancing of debt, including certain short-term indebtedness, working capital, capital expenditures, stock repurchases and investments in subsidiaries. Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Mizuho Securities USA LLC, ING Financial Markets LLC, SMBC Nikko Securities America, Inc. and Wells Fargo Securities, LLC are acting as joint book-running managers for the offering of the 2030 Notes. Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Mizuho Securities USA LLC, BBVA Securities Inc., BMO Capital Markets Corp. and SMBC Nikko Securities America, Inc. are acting as joint book-running managers for the offering of the 2035 Notes. Academy Securities, Inc., ANZ Securities, Inc., BofA Securities, Inc., BNP Paribas Securities Corp., Commonwealth Bank of Australia, Credit Agricole Securities (USA) Inc., HSBC Securities (USA) Inc., J.P. Morgan Securities LLC, Natixis Securities Americas LLC, Oversea-Chinese Banking Corporation Limited, Rabo Securities USA, Inc., Scotia Capital (USA) Inc., Standard Chartered Bank and U.S. Bancorp Investments, Inc. are acting as senior co-managers for the offering of the Senior Notes. Cabrera Capital Markets LLC, CIBC World Markets Corp., Commerz Markets LLC, DZ Financial Markets LLC, Goldman Sachs & Co. LLC, ICBC Standard Bank Plc, Loop Capital Markets LLC, PNC Capital Markets LLC, RBC Capital Markets, LLC, Santander US Capital Markets LLC, SEB Securities, Inc., SG Americas Securities, LLC, Siebert Williams Shank & Co., LLC and Westpac Capital Markets LLC are acting as co-managers for the offering of the Senior Notes. This offering of Senior Notes may be made only by means of the prospectus supplement and the accompanying prospectus related to the offering. Copies of the prospectus supplement and the accompanying prospectus relating to the offering can be obtained by contacting Citigroup Global Markets Inc. by phone at 1-800-831-9146 or by email at prospectus@ Deutsche Bank Securities Inc. by phone at 1-800-503-4611 or by email at or Mizuho Securities USA LLC at 1-866-271-7403. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of, these Senior Notes in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. About Bunge At Bunge (NYSE: BG), our purpose is to connect farmers to consumers to deliver essential food, feed and fuel to the world. As a premier agribusiness solutions provider, our team of ~37,000 dedicated employees partner with farmers across the globe to move agricultural commodities from where they're grown to where they're needed—in faster, smarter, and more efficient ways. We are a world leader in grain origination, storage, distribution, oilseed processing and refining, offering a broad portfolio of plant-based oils, fats, and proteins. We work alongside our customers at both ends of the value chain to deliver quality products and develop tailored, innovative solutions that address evolving consumer needs. With 200+ years of experience and presence in over 50 countries, we are committed to strengthening global food security, advancing sustainability, and helping communities prosper where we operate. Bunge has its registered office in Geneva, Switzerland and its corporate headquarters in St. Louis, Missouri. Cautionary Statement Concerning Forward Looking Statements The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward looking statements to encourage companies to provide prospective information to investors. This press release includes forward looking statements that reflect our current expectations about the size, timing and terms of the proposed offering. Forward looking statements include all statements that are not historical in nature. We have tried to identify these forward looking statements by using words including "may," "will," "should," "could," "expect," "anticipate," "believe," "plan," "intend," "estimate," "continue" and similar expressions. These forward-looking statements are subject to a number of risks, uncertainties and other factors that could cause our actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. The following factors, among others, could cause actual results to differ from these forward-looking statements: our ability to complete the proposed offering on the expected timing and terms, or at all; the impact on our employees, operations, and facilities from the war in Ukraine and the resulting economic and other sanctions imposed on Russia, including the impact on us resulting from the continuation and/or escalation of the war and sanctions against Russia; the effect of weather conditions and the impact of crop and animal disease on our business; the impact of global and regional economic, agricultural, financial and commodities market, political, social and health conditions; changes in government policies and laws affecting our business, including agricultural and trade policies, including tariff policies, financial markets regulation and environmental, tax and biofuels regulation; the impact of seasonality; the impact of government policies and regulations; the outcome of pending regulatory and legal proceedings; our ability to complete, integrate and benefit from acquisitions, divestitures, joint ventures and strategic alliances, including without limitation, Bunge's recently completed business combination with Viterra Limited; the impact of industry conditions, including fluctuations in supply, demand and prices for agricultural commodities and other raw materials and products that we sell and use in our business, fluctuations in energy and freight costs and competitive developments in our industries; the effectiveness of our capital allocation plans, funding needs and financing sources; the effectiveness of our risk management strategies; operational risks, including industrial accidents, natural disasters, pandemics or epidemics, wars and cybersecurity incidents; changes in foreign exchange policy or rates; the impact of our dependence on third parties; our ability to attract and retain executive management and key personnel; and other factors affecting our business generally. The forward looking statements included in this release are made only as of the date of this release, and except as otherwise required by federal securities law, we do not have any obligation to publicly update or revise any forward looking statements to reflect subsequent events or circumstances. View source version on Contacts Media Contact:Bunge News BureauBunge636-292-3022news@ Investor Contact:Mark
Fast Company
11 hours ago
- Business
- Fast Company
Figma IPO: Here are the payouts for CEO Dylan Field and Index, Greylock, Kleiner, Sequoia VCs as FIG stock starts trading on NYSE
Figma Inc.'s IPO is one of the most talked-about public offerings in tech this year, and it's happening today. A few people stand to make a lot of money—including cofounder and CEO Dylan Field, as well as a number of big venture capital investors. Figma, a collaborative design software platform, provides a suite of online design tools for designers to craft user interfaces (UIs) for websites and apps, which are popular with Fortune 500 companies. The tools are used by a host of businesses, from Microsoft to Zoom. Here's a look at how much some of the principal players could take home as the company IPOs. First, how is the Figma IPO going? On Wednesday, Figma Inc. priced the IPO at $33 a share. On Thursday, shares opened at almost triple their initial public offering price on Thursday, at $85 on the New York Stock Exchange (NYSE:FIG), which valued the company at about $50 billion. That valuation greatly exceeds a previous $20 billion buyout attempt from Adobe that fell apart in 2023. Trading was halted after shares quickly rose above $112. Figma IPO payout: Field, Wallace biggest winners One of the biggest winners of this listing is Figma's cofounder, 33-year-old Dylan Field, who is now worth an estimated $1.8 billion, but as Forbes noted, this could be just the beginning of his payout; he could get another $1.3 billion in stock if the stock hits $130 per share. Based on the IPO price, Field's cofounder Evan Wallace would be worth an estimated $1.3 billion, but he donated a third of his shares to the anti-homeless nonprofit Marin Community Foundation, per Axios. (Wallace left the company in 2021.) Index Ventures, Greylock Partners, Kleiner Perkins sell shares The IPO enables existing shareholders to sell more shares than expected at a higher ratio; and Figma's biggest venture investors are cashing in. Bloomberg reported the company sold 12.47 million shares in the IPO while investors including Index Ventures, Greylock Partners, and Kleiner Perkins sold 24.46 million shares at a market value of $16.1 billion, based on the outstanding shares listed in its filings. With employee stock options and restricted stock units, the company has a fully diluted value of about $18.5 billion. According to Venture Capital Journal, the biggest winner here would be Index Ventures, which holds 62.57 million shares, which at the opening price of $85, are worth $5.3 billion. The Journal reported that in all, the VCs stand to make more than $6 billion even at conservative estimates. Figma by the numbers As Fast Company previously reported, Figma reported $228.2 million in revenue for the first three months of 2025, according to its SEC filings. The company reported $749 million in revenue in 2024, an increase of 48% year-over-year. The design software maker has 13 million monthly active users.
Associated Press
a day ago
- Business
- Associated Press
D. Boral ARC Acquisition I Corp. Announces Pricing of $250,000,000 Initial Public Offering
NEW YORK, NY / ACCESS Newswire / July 30, 2025 / D. Boral ARC Acquisition I Corp. (the 'Company') today announced the pricing of its initial public offering of 25,000,000 units at a price of $10.00 per unit for total gross proceeds of $250,000,000. The units are expected to begin trading on The Nasdaq Global Market under the ticker symbol 'BCARU' on July 31, 2025. Each unit consists of one of the Company's Class A ordinary shares and one-half of one redeemable public warrant. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Once the securities comprising the units begin separate trading, the Company expects that its Class A ordinary shares and warrants will be listed on The Nasdaq Global Market under the symbols 'BCAR' and 'BCARW,' respectively. The offering is expected to close on August 1, 2025, subject to customary closing conditions. The Company was formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue an acquisition opportunity in any business, industry, sector or geographical location, the Company intends to identify and acquire a business where the Company believes its management teams' and affiliates' expertise will provide a competitive advantage, including the technology, healthcare, and logistics industries. D. Boral Capital LLC is acting as sole book-running manager for the offering. The Company has granted the underwriters a 45-day option to purchase up to 3,750,000 additional units at the initial public offering price to cover over-allotments, if any, which, if exercised in full, would bring the total gross proceeds of the offering to $287,500,000. The offering is being made only by means of a prospectus. When available, copies of the prospectus relating to the offering may be obtained from D. Boral Capital LLC: Attn: 590 Madison Avenue 39th Floor, New York, NY 10022, or by email at [email protected], or by telephone at (212) 970-5150, or from the U.S. Securities and Exchange Commission's (the 'SEC') website at A registration statement on Form S-1 relating to these securities was declared effective by the SEC on July 30, 2025. This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Forward-Looking Statements This press release contains statements that constitute 'forward-looking statements,' including with respect to the Company's initial public offering ('IPO') and the gross proceeds thereof, the anticipated use of the net proceeds from the IPO and the search for an initial business combination. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, that the net proceeds of the offering will be used as indicated or that the Company will ultimately complete a business combination transaction in the sectors it is targeting or at all. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's registration statement and preliminary prospectus for the IPO filed with the SEC. Copies are available on the SEC's website, The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law. Contact John Darwin, Chief Financial Officer Email: [email protected] SOURCE: D. Boral Capital press release
Bloomberg
a day ago
- Business
- Bloomberg
Figma Expected to Price IPO Above Range at $33 Per Share
Figma Inc. is expected to price its US initial public offering at $33 per share, according to people familiar with the matter, above the design and collaboration software company's increased price range. The firm and some of its investors are marketing 36.9 million shares at $30 to $32 per share, after increasing the range Monday from $25 to $28 each.
