debt
confidence high
sentiment neutral
materiality 0.60
Darling Ingredients issues €750M 4.5% senior notes due 2032, refinances credit facilities
DARLING INGREDIENTS INC.
- Issued €750M aggregate principal of 4.5% senior notes due July 15, 2032 via subsidiary Darling Global Finance B.V.
- Proceeds used to redeem existing €515M 3.625% senior notes due 2026 at par plus accrued interest.
- Entered new $2B revolving credit facility (due 2030) and $900M farm credit term loan A facility (due 2031).
- Notes are senior unsecured, guaranteed by Darling and certain domestic subsidiaries; effectively subordinated to secured debt.
- Existing euro notes redeemed on June 26, 2025; refinancing extends debt maturities and reduces near-term refinancing risk.
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