Entry into Material Definitive Agreements     


 

Amendment to Existing Securitization Program


 

On March 31, 2026, Bunge Global SA ("Bunge") and certain of its subsidiaries amended its existing trade receivables securitization program (the "Securitization Program") with a financial institution, as administrative agent, and certain commercial paper conduit purchasers and committed purchasers (the "Purchasers") pursuant to the Thirtieth Amendment to the Receivables Transfer Agreement and Ninth Amended and Restated Receivables Transfer Agreement (together, the "Securitization Program Transaction Documents"). Among other things, the Securitization Program Transaction Documents increased the aggregate size of the Securitization Program by $500 million to an aggregate total of $2 billion and decreased the size of the accordion feature of the Securitization Program by $500 million from $1 billion to $500 million.

In addition, the Securitization Program Transaction Documents revised the applicable margin, removed the sustainability provisions from the Securitization Program, added a U.S. subsidiary as an additional seller to the Securitization Program and removed a German subsidiary as a seller in the Securitization Program. The Purchasers also agreed to permit a Canadian subsidiary to become an additional seller to the Securitization Program upon satisfaction of certain other conditions precedent set forth in the Securitization Program Transaction Documents.Other relevant terms and conditions of the Securitization Program were substantially unchanged by these amendments.

The Securitization Program Transaction Documents contain certain customary representations and warranties and affirmative covenants, including a representation as to the eligibility of the receivables being sold, and contain customary termination events and service defaults. Bunge and its subsidiaries are required to repurchase any receivables that are not eligible as represented on the date of sale or become subject to certain non-credit related obligor offsets following sale to the Securitization Program. Apart from such repurchase obligations, any recourse to Bunge and its subsidiaries under the Securitization Program will be limited to Bunge's first loss position as subordinated lender, which will be sized based on the historical performance of Bunge's pool of trade receivables.

From time to time, certain of the Purchasers under the Securitization Program and/or their affiliates provide financial services to Bunge and other subsidiaries of Bunge.