WHITE PLAINS, N.Y., Aug. 17 /PRNewswire-FirstCall/ -- Bunge Limited (NYSE: BG) announced today that the underwriters of its previously announced public offering of 10,500,000 common shares have exercised in full their over-allotment option to purchase an additional 1,500,000 common shares at the public offering price of $65.50 per share, less the applicable underwriting discount. The offering, including the issuance of the over-allotment shares, is expected to close on August 18, 2009.
As a result of the exercise of the over-allotment option, Bunge expects to receive aggregate net proceeds of approximately $760 million from the offering. Bunge intends to use the net proceeds from the offering to repay indebtedness and for other general corporate purposes.
Morgan Stanley & Co. Incorporated and Credit Suisse Securities (USA) LLC are serving as joint book-running managers, Citigroup Global Markets Inc. and J.P. Morgan Securities Inc. are serving as senior co-managers and BNP Paribas Securities Corp., Calyon Securities (USA) Inc., Rabo Securities USA, Inc. and SG Americas Securities, LLC are serving as co-managers for the offering.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities. A registration statement relating to these securities has been filed with the Securities and Exchange Commission and is effective. A written prospectus for this offering meeting the requirements of Section 10 of the Securities Act of 1933 (other than a free writing prospectus as defined in Securities Act Rule 405) may be obtained from Morgan Stanley & Co. Incorporated, 180 Varick Street, 2nd Floor, New York, New York 10014, Attention: Prospectus Department, 1-866-718-1649 or by e-mail at prospectus@morganstanley.com or from Credit Suisse Securities (USA) LLC, Attn: Prospectus Department, One Madison Avenue, New York, NY 10010, (800) 221-1037.
About Bunge Limited
Bunge Limited (www.Bunge.com, NYSE: BG) is a leading global agribusiness and food company founded in 1818 and headquartered in White Plains, New York. Bunge's 25,000 employees in over 30 countries enhance lives by improving the global agribusiness and food production chain. The company supplies fertilizer to farmers; originates, transports and processes oilseeds, grains and other agricultural commodities; produces food products for commercial customers and consumers; and supplies raw materials and services to the biofuels industry.
Cautionary Statement Concerning Forward-Looking Statements
This press release contains both historical and forward-looking statements.
