DEBT

3 Months Ended

Mar. 31, 2026

The following table summarizes Bunge's short and long-term debt:


(US$ in millions)	March 31, 2026		December 31, 2025
Short-term debt and Current portion of long-term debt:
Revolving credit facilities	$	—	$	600
Commercial paper program	50		300
Other short-term debt	3,195		2,983
Total Short-term debt (1)	3,245		3,883
Current portion of long-term debt	1,361		1,337
Total Short-term debt and Current portion of long-term debt (2)	4,606		5,220
Long-term debt: (3)



Term loan due 2027 - SOFR plus 1.000%	250		250
Term loan due 2028 - SOFR plus 1.200%	250		250
Term loan due 2028 - SOFR plus 1.100%	300		300
Term loan due 2028 - SOFR plus 1.100%	1,000		1,000
2.00% Senior Notes due 2026 (4)	579		575
3.25% Senior Notes due 2026	700		700
4.90% Senior Notes due 2027	442		443
3.75% Senior Notes due 2027	599		599
1.00% Senior Notes due 2028 - Euro	766		779
4.10% Senior Notes due 2028	398		398
4.20% Senior Notes due 2029	795		794
4.55% Senior Notes due 2030	645		645
3.20% Senior Notes due 2031	559		557
2.75% Senior Notes due 2031	994		994
5.25% Senior Notes due 2032	306		307
4.80% Senior Notes due 2033	495		—
4.65% Senior Notes due 2034	792		791
5.15% Senior Notes due 2035	644		643
5.15% Senior Notes due 2036	694		—
Cumulative adjustment to long-term debt from application of hedge accounting	(154)		(128)
Other long-term debt	254		271
Subtotal (5)	11,308		10,168
Less: Current portion of long-term debt	(1,361)		(1,337)
Total Long-term debt (6)	9,947		8,831
Total debt	$	14,553	$	14,051

(1) In the fourth quarter of 2025, Bunge completed the acquisition of ViOil. In connection with the acquisition, Bunge has recognized an obligation of $32 million at March 31, 2026 relating to deferred cash consideration to be settled within one year from the date of the close of the transaction.

(2) Includes secured debt of $987 million and $1,024 million at March 31, 2026, and December 31, 2025, respectively. The balance includes $476 million and $535 million of secured debt collateralized by inventory at March 31, 2026 and December 31, 2025, respectively.

(3) Variable interest rates are as of March 31, 2026.

(4) Upon maturity on April 21, 2026, Bunge repaid the balance outstanding of the 2.00% Senior Notes due 2026.

(5) The fair value (Level 2) of long-term debt, including current portion, is $11,274 million and $10,220 million at March 31, 2026, and December 31, 2025, respectively. The fair value of Bunge's long-term debt is calculated based on interest rates currently available on comparable maturities to companies with credit standing similar to that of Bunge.

(6) Includes secured debt of $151 million and $159 million at March 31, 2026, and December 31, 2025, respectively.

Senior Notes

In March 2026, Bunge Limited Finance Corp ("BLFC"), a wholly owned finance subsidiary of Bunge, completed the sale and issuance of (i) $500 million aggregate principal amount of 4.800% senior notes due 2033, and (ii) $700 million aggregate principal amount of 5.150% senior notes due 2036 (collectively, the "2026 Senior Notes"). The 2026 Senior Notes total an aggregate principal amount of $1.2 billion and are fully and unconditionally guaranteed by Bunge. The offering was made pursuant to a shelf registration statement on Form S-3 (Registration No. 333-282003) filed by the Company and BLFC with the SEC. The net proceeds of the offering were approximately $1.19 billion after deducting underwriting commissions, the original issue discount, and offering fees and expenses payable by Bunge.

Bunge Global SA 10-Q