- Darling Ingredients ( NYSE: DAR ) launched an offering of $250M in principal amount of unsecured senior notes; add-on notes will be issued as additional notes under the same indenture as the company's 6% senior notes due 2030, $750M in principal amount of which were issued on June 9, 2022.
- The add-on notes will have the same terms as the initial notes.
- Gross proceeds are expected to be used for general corporate purposes, including the repayment of indebtedness; temporarily apply proceeds to reduce revolving credit indebtedness or invest in cash equivalents, U.S. government securities and other high-quality debt investments.
For further details see:
Darling Ingredients to raise $250M in senior notes