debt
confidence high
sentiment neutral
materiality 0.50
Darling Ingredients subsidiary launches €750M senior notes offering to refinance existing debt
DARLING INGREDIENTS INC.
- Darling Global Finance B.V. launches €750M senior notes; proceeds to redeem €515M 3.625% notes due 2026.
- Company plans to amend and restate credit agreement via Third Amended and Restated Credit Agreement.
- Notes guaranteed by Darling and restricted subsidiaries that guarantee secured credit facilities, excluding foreign subs.
- Use of proceeds includes redemption premium, fees, and repayment of existing secured credit facilities.
- Offering limited to QIBs under Rule 144A and non-U.S. persons under Regulation S.
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