debt
confidence high
sentiment neutral
materiality 0.45
Darling Ingredients prices €750M 4.5% senior notes due 2032 through subsidiary
DARLING INGREDIENTS INC.
- Offer of €750M aggregate principal of 4.5% senior notes due 2032 priced at 100% of principal.
- Issued by Darling Global Finance B.V., guaranteed by Darling and certain restricted subsidiaries.
- Expected to close on or about June 24, 2025, subject to customary conditions.
- Proceeds to redeem €515M 3.625% notes due 2026 and repay existing credit facilities.
- CEO says refinancing maintains blended cost of debt while extending term by seven years.
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