Darling Ingredients to repay euro term loan B via new note offering

By Tali Rackner

Norfolk, Va., May 26 – Darling Ingredients Inc. plans to refinance the outstanding borrowings under the euro term loan B under its senior secured credit facilities with the proceeds from a €515 million senior note offering, according to a press release.

Proceeds will also be used to pay the initial purchasers’ commission, fees and expenses related to the note offering and for general corporate purposes.

Irving, Texas-based Darling makes specialty ingredients for the pharmaceutical, food, pet food, feed, technical, fuel, bioenergy and fertilizer industries and provides fat rendering, recycling and recovery solutions to the food industry.

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