Viterra Finance Invites Noteholders to Consent Solicitations
Viterra Finance B.V. Invitation to Noteholders
This announcement is crucial and demands the immediate attention of all Noteholders involved with Viterra Finance B.V. If you find yourself uncertain about the steps to take, it is advisable to seek personal financial and legal advice without delay from your broker, bank manager, or legal professional.
About Viterra Finance B.V.
Viterra Finance B.V., registered in the Netherlands, is reaching out to the holders of its outstanding notes, inviting them to participate in significant proposals. These proposals relate to the substitution of the current issuer and guarantor of the notes, offering significant changes aimed at strengthening the position of the bondholders.
Details of the Consent Solicitation
The Consent Solicitations will invite existing noteholders concerning the following series: (i) €500,000,000 0.375% Notes due September 2025 and (ii) €700,000,000 1.00% Notes due September 2028. These notes are guaranteed by Viterra Limited and Viterra B.V. Each noteholder is encouraged to review the proposals outlined in the Consent Solicitation Memorandum released to relevant parties.
Background on the Business Combination
Viterra Finance B.V. is currently integrating changes stemming from a business acquisition by Bunge Limited. This strategic move involves Bunge Limited acquiring Viterra Limited, with significant shares and cash considerations discussed among the parties. Such a merger aims to harness the combined strengths of both companies and enhance shareholder value.
Implications of the Proposals
Key changes include substituting Bunge Finance Europe B.V. as the new issuer and Bunge Global SA as the new guarantor for the existing notes. This shift is designed to align the bond terms with currently similar debt securities, enhancing governance and offering a unified structure across all bonds held by new guarantors.
Timeline for the Consent Solicitation Process
The participation timeline for noteholders is crucial. Initial invitations for consent will be made with specific deadlines set for early voting and final voting instructions. Meetings to deliberate on the extraordinary resolutions will be scheduled soon after the initial announcement, and results will follow promptly post-meeting.
Conditions for Implementation
To execute the proposed changes, necessary quorum requirements and other conditions must be met during meetings convened for discussing these proposals. Noteholders are encouraged to ensure their participation to support the various proposals aimed at improving their securities' backing and aligned governance.
Call for Active Participation
As a key stakeholder, your involvement in the consent solicitation is vital. The proposals not only seek your approval but aim to provide an aligned financial and administrative structure that ultimately benefits all stakeholders involved. Ensure you are aware of the important dates and consider the implications of your vote carefully.
Frequently Asked Questions
What is the purpose of the consent solicitation?
The consent solicitation aims to secure noteholders' approval for significant changes in the issuer and guarantor of existing notes.
How can I participate in the consent solicitation?
Noteholders should review the Consent Solicitation Memorandum and submit the necessary voting instructions by the stated deadlines.
What are the anticipated outcomes if the proposals are approved?
Approval of the proposals could unify the governance structure of the bonds and enhance the creditworthiness based on Bunge's backing.
When are the meetings scheduled for noteholders?
Meetings for discussing the proposals will be held shortly after the initial announcement date, with specific dates to be confirmed.
Who can I contact for more information?
Noteholders can reach out directly to Viterra Finance's designated Solicitation Agent for more detailed inquiries regarding the proposals.
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