Bunge Global SA Extends Trade Receivables Securitization Program to December 2027

Event Summary

On October 30, 2026, Bunge Global SA (NYSE: BG) entered into the Thirty-First Amendment to its Receivables Transfer Agreement governing its existing trade receivables securitization facility.

Key Terms & Structure

• Facility Extension: Extends the original program termination date by an additional 364 days, moving the maturity date to December 13, 2027.
• Administrative Agent: Coöperatieve Rabobank U.A.
• Corporate Reorganizations: Permitted internal mergers of originating entities, including the merger of Dutch originator Bunge Netherlands B.V. into Bunge Netherlands Agri B.V. (BNABV), the merger of Viterra Botlek B.V. into BNABV, and the merger of Viterra France SAS into French Originator Bunge France SAS.
• Recourse & Credit Terms: Substantially unchanged. Recourse to Bunge and its subsidiaries remains limited to Bunge's first-loss position as subordinated lender, based on historical pool performance, alongside standard representation and warranty repurchase obligations.

Market & Credit Significance

• Impact: Low / Neutral.
• The 364-day rollover of trade receivables securitization programs is a routine liquidity management action typical for global agribusiness trading firms to maintain short-term, cost-effective working capital funding.