debt
confidence high
sentiment neutral
materiality 0.50
Lamb Weston Chinese sub refinances with RMB 700M term loan due 2031
Lamb Weston Holdings, Inc.
- New RMB 700M (~$102.9M) term loan with HSBC-led syndicate, matures May 22, 2031.
- Proceeds refinance existing 2022 facility, which was repaid and terminated on May 22, 2026.
- Interest at 5-year LPR plus 0.30%; bi-annual amortization starting 6 months after draw.
- Loan is unconditionally guaranteed by Lamb Weston Holdings (LW).
- Standard PRC covenants and acceleration triggers, including cross-default to LW's senior credit facility.