v2.4.0.6
Long-Term Debt (Tables)
12 Months Ended
Dec. 31, 2010
Long-Term Debt.  
Long-term obligations

 
  December 31,  
(US$ in millions)
  2010   2009  

Term loans due 2011—LIBOR (1) plus 1.25% to 1.75%

  $ 475   $ 475  

Term loan due 2011—fixed interest rate of 4.33%

        250  

Term loan due 2013—fixed interest rate of 3.32%

    300      

Japanese Yen term loan due 2011—Yen LIBOR (2) plus 1.40%

    123     108  

7.44% Senior Guaranteed Notes, Series C, due 2012

        351  

7.80% Senior Notes due 2012

        200  

5.875% Senior Notes due 2013

    300     300  

5.35% Senior Notes due 2014

    500     500  

5.10% Senior Notes due 2015

    382     382  

5.90% Senior Notes due 2017

    250     250  

8.50% Senior Notes due 2019

    600     600  

BNDES (3) loans, variable interest rate indexed to TJLP (4) plus 3.20% to 4.50% payable through 2016

    118     106  

Other

    115     127  
           

 

    3,163     3,649  

Less: Current portion of long-term debt

    (612 )   (31 )
           

Total long-term debt

  $ 2,551   $ 3,618  
           

(1)
One-, three- and six-month LIBOR at December 31, 2010 were 0.26%, 0.30% and 0.46% per annum, respectively, and at December 31, 2009 were 0.23%, 0.25% and 0.43% per annum, respectively.

(2)
Three-month Yen LIBOR at December 31, 2010 and 2009 was 0.19% and 0.28%, respectively.

(3)
BNDES loans are Brazilian government industrial development loans.

(4)
TJLP is a long-term interest rate published by the Brazilian government on a quarterly basis. The annualized rate for 2010 and 2009 was 6.00% and 6.13%, respectively.
Schedule of redemptions and repayments of long-term debt

(US$ in millions)
  Aggregate
Principal
Amount
  Aggregate
Repayment
Amount
 

7.44% Senior Guaranteed Notes, Series C, due 2012 (1)

  $ 351   $ 406  

7.80% Senior Notes, due 2012 (2)

    198     230  

Term Loan, fixed interest rate of 4.33%, due 2011 (3)

    250     260  

Other (4)

    28     35  
           

Total

  $ 827   $ 931  
           

(1)
The aggregate repayment amount includes a $48 million make-whole payment and $7 million of accrued and unpaid interest. Also, in connection with this debt redemption, Bunge recognized a loss of $4 million related to the non-cash write-off of unamortized losses on treasury rate lock contracts and unamortized debt issuance costs.

(2)
The aggregate repayment amount includes a $28 million make-whole payment and $4 million of accrued and unpaid interest. Also in connection with this debt redemption, Bunge recognized a loss of $2 million related to the non-cash write-off of unamortized losses on treasury rate lock contracts, and unamortized original issue discount and issuance costs.

(3)
The aggregate repayment amount paid to the participant banks of the syndicated term loan includes a $6 million make-whole payment and $4 million of accrued and unpaid interest.

(4)
The aggregate repayment amount includes a $7 million make-whole payment.
Principal maturities of long term debt

(US$ in millions)
   
 

2011

  $ 612  

2012

    34  

2013

    638  

2014

    581  

2015

    408  

Thereafter

    890  
       

Total

  $ 3,163