Darling Ingredients Inc. announced on June 18, 2025, the pricing of an offering of €750 million in aggregate principal amount of 4.5% senior notes due 2032. The notes will be issued by Darling Global Finance B.V., an indirect, wholly owned subsidiary of the company.
The proceeds from this offering, combined with drawings under proposed senior secured credit facilities, are intended to redeem the Issuer’s €515.0 million principal amount of 3.625% Senior Notes due 2026 and repay certain existing senior secured credit facilities. This refinancing aims to extend the term of the notes by seven years.
Chairman and CEO Randall C. Stuewe stated that this refinancing allows the company to maintain its blended cost of debt at current levels while extending maturities. The offering is expected to close on or about June 24, 2025, subject to customary closing conditions, enhancing Darling's financial flexibility.
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