debt
confidence high
sentiment neutral
materiality 0.65
Darling Ingredients adds $800M in delayed draw term facilities via credit agreement amendment
DARLING INGREDIENTS INC.
- Added Term A-3 Facility up to $300M and Term A-4 Facility up to $500M, total $800M.
- Facilities have maturity dates co-terminous with existing Term A-1 and A-2 Facilities.
- Provides additional liquidity for strategic growth opportunities.
- JPMorgan Chase as administrative agent; lenders include CoBank, HSBC, Citibank, BofA, BNP Paribas, Goldman Sachs, TD Bank, PNC.
- Ninth Amendment effective September 6, 2022.