Darling Ingredients adds $500 million delayed-draw term loan

By Marisa Wong

Los Angeles, March 4 – Darling Ingredients Inc. entered into an eighth amendment on March 2 to its second amended and restated credit agreement dated Jan. 6, 2014 to add a new delayed-draw incremental term A-2 facility for incremental term loans of up to $500 million, according to an 8-K filing with the Securities and Exchange Commission.

The incremental term facility matures on Dec. 9, 2026, the same maturity date as the company’s previously existing delayed-draw term facility.

In addition, the amendment updates and modifies some other terms and provisions of the credit agreement to reflect the addition of the term A-2 facility.

JPMorgan Chase Bank, NA is administrative agent.

Darling is an Irving, Tex.-based developer and producer of sustainable natural ingredients from edible and inedible bio-nutrients.

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