UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 20, 2005
BUNGE LIMITED
(Exact name of Registrant as specified in its charter)
Bermuda 001-16625 98-0231912
(State or other jurisdiction Commission File Number (I.R.S. Employer
of incorporation) Identification Number)
50 Main Street 10606
White Plains, New York (Zip code)
(Address of principal executive offices)
(914) 684-2800
(Registrant's telephone number, including area code)
N.A.
(Former name or former address, if changes since last report)
Item 1.01 Entry into a Material Definitive Agreement
On May 20, 2005, Bunge Finance Europe B.V., a wholly owned
subsidiary of the registrant, obtained an extension of the term of the Facility
A revolving credit facility (the "Facility") under its existing $650,000,000
Multicurrency Revolving Facilities Agreement, as amended (the "Facilities
Agreement") among Bunge Finance Europe B.V., as borrower, the Lenders party
thereto, BNP Paribas, CCF and Societe Generale as Lead Arrangers and HSBC Bank
plc as Agent. The amount of the Facility being extended is $455,000,000. Bunge
Finance Europe B.V. previously cancelled the $195,000,000 Facility B revolving
credit facility under the Facilities Agreement effective July 30, 2004. Subject
to certain conditions stated in the Facilities Agreement (including the absence
of any default or event of default and the accuracy of certain representations
and warranties), the borrower may borrow, repay and reborrow amounts under the
Facility at any time during the term of the Facilities Agreement.
This is the second extension of the Facility under the Facilities
Agreement, which allows for two extensions of 364 days each. As a result of the
extension, the final maturity date of the Facility will now be May 24, 2006. The
terms and conditions of the Facilities Agreement remain unchanged, including the
guarantee of Bunge Finance Europe B.V.'s obligations under the Facilities
Agreement by the registrant (see Exhibit 4.8 to the registrant's 2003 Annual
Report on Form 20-F and Exhibit 10.3 to the registrant's Quarterly Report on
Form 10-Q for the quarter ended June 30, 2004).
As of March 31, 2005, approximately $88.4 million was
outstanding under the Facility. From time to time, certain of the Lenders under
the Facilities Agreement provide financial services to the registrant and its
subsidiaries, including customary commercial and investment banking services.
A copy of the extension letter is attached hereto as Exhibit
99.1. The attached Exhibit 99.1 is furnished in its entirety pursuant to this
Item 1.01.
Item 9.01 Financial Statements and Exhibits
(a) None
(b) None
(c) Exhibits
Exhibit No. Description
----------- -----------
99.1 Extension Letter, dated May 20, 2005, from HSBC
Bank plc regarding the extension of the Multicurrency
Revolving Facilities Agreement.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, as amended, the registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
Dated: May 24, 2005
BUNGE LIMITED
By: /s/ CARLA L. HEISS
----------------------------
Name: Carla L. Heiss
Title: Assistant General Counsel