White Plains, N.Y.-Bunge Ltd. announced Aug. 12 the pricing of its offering of 10.5 million common shares at a price to the public of $65.50 per share. The net proceeds of the offering to Bunge will be approximately $665 million. In addition, Bunge has granted the underwriters a 30-day option to purchase up to an additional 1,500,000 common shares to cover over-allotments, if any. The offering is being made under Bunge’s existing shelf registration statement and is expected to close Aug. 18, 2009. Bunge intends to use the net proceeds from this offering to repay outstanding indebtedness and for other general corporate purposes.
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