Bunge Global SA filed a Form 8-K on November 3, 2026, disclosing that on October 30, 2026, it and certain subsidiaries executed the Thirty-First Amendment to its existing trade receivables securitization program, extending the program's termination date by 364 days to December 13, 2027.

Key Highlights

  • Extension approved: The Securitization Program's original termination date was extended by an additional 364 days to December 13, 2027.
  • Amendment number: This is the Thirty-First Amendment to the Receivables Transfer Agreement, dated October 30, 2026.
  • Dutch originator merger: The Purchasers permitted the merger of a Dutch originator in the Securitization Program into another Dutch subsidiary, with the latter surviving as a Dutch originator.
  • Other terms unchanged: According to the filing, other relevant terms and conditions of the Securitization Program were "substantially unchanged" by the Amendment.
  • Recourse limit: Apart from repurchase obligations, any recourse to Bunge and its subsidiaries is limited to Bunge's first loss position as subordinated lender, sized based on historical performance of Bunge's pool of trade receivables.
  • Repurchase obligation: Bunge and its subsidiaries are required to repurchase receivables that are not eligible as represented on the date of sale or become subject to certain non-credit related obligor offsets following sale.

Bunge's Thirty-First Securitization Amendment: Key Terms and Structure

According to the Form 8-K filed with the SEC, Bunge Global SA (NYSE:BG) and certain of its subsidiaries entered into the Thirty-First Amendment to its Receivables Transfer Agreement on October 30, 2026. The counterparties include a financial institution serving as administrative agent, along with certain commercial paper conduit purchasers and committed purchasers, collectively referred to in the filing as the "Purchasers." The primary effect of the Amendment was to extend the program's termination date by 364 days, moving it to December 13, 2027.

The filing also disclosed that the Amendment allowed for a structural change within the program: a Dutch originator was merged into another Dutch subsidiary, with the surviving entity continuing as a Dutch originator in the Securitization Program. The filing noted that the Securitization Program contains customary representations and warranties, affirmative covenants including a representation as to the eligibility of receivables being sold, and customary termination events and service defaults.

As described in the filing, recourse to Bunge and its subsidiaries beyond repurchase obligations is limited to Bunge's "first loss position as subordinated lender," which is sized based on historical performance of Bunge's pool of trade receivables. The filing further noted that certain Purchasers and their affiliates provide financial services to Bunge and other Bunge subsidiaries from time to time. The full text of the Amendment was filed as Exhibit 10.1. The filing was signed by Lisa Ware-Alexander, Secretary of Bunge Global SA, on November 3, 2026.

What Was Disclosed

Bunge Global SA reported the execution of the Thirty-First Amendment to its trade receivables securitization program, extending its termination date to December 13, 2027, permitting a Dutch originator merger, and leaving other program terms substantially unchanged.