secwatch.observer — SEC 8-K summary
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Issuer:     Ingredion Inc (INGR)
CIK:        0001046257
Form:       8-K
Filed at:   2026-06-25T20:18:48+00:00
Accession:  0001628280-26-045521
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ingredion enters $1.475B delayed draw term loan to fund Tate & Lyle acquisition
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- Committed $1.475B delayed draw term loan, split $500M Tranche A-1 and $975M Tranche B-1.
- Proceeds used to finance cash consideration for acquisition of Tate & Lyle PLC.
- Replaces $1.475B tranche of prior $4.225B bridge facility; $2.75B bridge remains.
- Tranche A-1 matures 3 years after funding, Tranche B-1 matures 5 years after; quarterly amortization at 5% p.a.
- Financial covenants: max leverage 3.5x (4.0x post-acquisition) and min interest coverage 3.5x.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1046257/000162828026045521/0001628280-26-045521-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1046257/000162828026045521/ingr-20260624.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-045521

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