Darling Ingredients Inc. announced on June 26, 2025, the completion of the refinancing of its long-term debt to extend maturities. Darling Global Finance B.V. closed an offering of €750 million aggregate principal amount of unsecured senior notes due 2032 on June 24, 2025, bearing interest at 4.5% per annum.
The company also entered into a Third Amended and Restated Credit Agreement on June 25, 2025. This new agreement refinances existing facilities and provides for senior secured credit facilities comprising a $2 billion revolving loan facility and a $900.0 million farm credit term loan A facility.
Proceeds from the notes offering and drawings under the new credit facilities were used to redeem the Issuer’s existing €515.0 million principal amount of 3.625% Senior Notes due 2026 on June 26, 2025, at 100.000% of their principal amount. This comprehensive refinancing extends debt maturities and optimizes the company's capital structure.
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