Darling Ingredients Inc. announced the closure of private offerings of $750 million in unsecured senior notes by 2030


Irving, Texas, June 9, 2022 /PRNewswire/ — Darling Ingredients Inc. (NYSE: DAR) (“Darling” or the “Company”) today announced the closing of its private offering of its unsecured seniors for an aggregate principal amount of $750 million. Notes due 2030 (“Notes”). The Notes bear interest at a rate of 6% per annum, payable semi-annually on 15th June and 15th December in each year beginning 15th December 2022. The Notes are initially guaranteed by all of Darling’s subsidiaries, which are ‘restricted are subsidiaries”. Subject to the Agreement, except foreign subsidiaries that are Borrowers or guaranteed under Darling’s Senior Secured Credit Facilities under a Loan Agreement as amended 6 January 2014.

Darling intends to use the proceeds of the debenture offering (i) for general corporate purposes, including acquisitions, debt repayments and capital expenditures; and (ii) to pay costs, commissions, fees and expenses in connection with the offering of the Notes (including early bird discounts). Pending the application of income, Darling may request to temporarily reduce revolving debt or invest in cash equivalents, US Treasuries and other high-quality debt investments.

Debentures and related guarantees are being offered in the United States to persons who are reasonably deemed to be “qualified institutional purchasers” subject to Rule 144A of the Securities Act of 1933, as amended (“Securities Act”) and located outside of the United States states are located . For non-US persons subject to Regulation S of the Securities Act. The debenture and related guarantees may not be registered under the Securities Act or any state securities statutes and, unless registered, may not be offered or sold in the United States, except to the extent applicable, except to meet the registration requirements of the Securities Act are applicable . State Securities Law.

This press release is not intended to solicit an offer to sell or buy the Notes and any related warranties, nor shall there be any offer to sell, solicitation to buy or offer to sell the Notes and any related warranties in any state or jurisdiction to make such an offer, any such Solicitation or such sale is unlawful prior to registration or qualification under the securities laws of any state or other jurisdiction.

about darling

Darling Ingredients Inc. (NYSE: DAR) is the largest publicly traded company that converts food by-products and food waste into sustainable products and a major producer of renewable energy. Recognized as a leader in sustainability, the company operates more than 250 plants in 17 countries and is responsible for approximately 15% of the world’s meat industry waste streams with value-added products such as green energy, renewable diesel, collagen, fertilizers and animal proteins. and reused in food. and ingredients for pet food. To learn more, visit darlingii.com. Follow us on LinkedIn.

Cautionary Statement Regarding Forward-Looking Information

This press release contains “forward-looking” statements that involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the statements. Statements that are not statements of historical fact are “forward-looking” statements and are made in accordance with the safe harbor provisions of the US Private Securities Litigation Reform Act of 1995. Words like “estimate”, “forecast”, “scheme”. “consider”, “likely”, “possible”, “suggest”, “intend”, “believe”, “estimate”, “expect”, “could”, “will”, “will”, “should”, “maybe”. ‘ and similar expressions are intended to identify “forward-looking” statements. “Forward-looking” statements are intended to provide information about the Company’s current expectations and its business, economy and other future conditions. The Company cautions readers that such “forward-looking” statements are not guarantees of future performance and that actual results may result from a variety of factors that are reflected in its “forward-looking” statements. could differ materially from anticipated results or expectations, including many that are beyond the Company’s control. These factors include, but are not limited to, the Company’s direct and indirect subsidiaries. current and undisclosed future limits on the company’s ability to provide its cash flows to pay its debts or for other purposes; demand that has shown volatility and may affect the cost of feed for cattle, swine and poultry and therefore the available feed and selling prices for the Company’s products; a reduction in the amount of raw materials available to the Company due to poor margins in the meat production industry due to high feed costs, low consumer demand or other factors, low volumes from foodservice operations or other reasons; low demand for animal feed; a reduction in finished product prices, including a decrease in finished product prices for fats and used cooking oils; changes in global government policies related to renewable fuels and greenhouse gas emissions that adversely affect programs such as US government standards for renewable fuels, low carbon fuels and biofuel tax credits both in the United States and abroad; Potential product recalls due to incidents related to the discovery of unauthorized adulterants in food or food additives; 2009 H1N1 influenza (originally known as “swine flu”), highly pathogenic strains of avian influenza (collectively known as “bird flu”), severe acute respiratory syndrome (“SARS”), the emergence of bovine spongiform encephalopathy (“BSE”). , epidemic swine diarrhea (“PED”) or other diseases of animal origin in the United States or elsewhere, such as outbreaks of African swine fever (“ASF”) in China and elsewhere; the occurrence of an epidemic, pandemic or disease outbreak, such as B. the current outbreak of the novel coronavirus (COVID-19); Unanticipated costs and/or quantities of raw materials related to the Company’s compliance with existing or unanticipated new US or foreign (including but not limited to China) regulations (including new or changed animal feed, avian influenza, SARS, PED, BSE) and /or cut. ASF or similar or unexpected regulations) affecting the industries in which we operate or our value-added products; risks related to the DGD joint venture, including potential unforeseen business disruptions and issues related to the announced expansion project; risks and uncertainties associated with international sales and operations, including tariffs, quotas, trade barriers and other trade defense measures imposed by foreign countries; Difficulties or significant disruptions in the Company’s information systems or failure to successfully implement new systems and software; risks associated with potential third-party claims of intellectual property infringement; increased contributions to the Company’s pension and benefit plans, including multi-employer defined benefit plans and employer-sponsored pension plans, as required by statute, regulation or other applicable US or foreign law or as a result of a US mass withdrawal event; bad debt write-off; failure or loss of obtaining required permits and registrations; The conflict is ongoing or escalating in the Middle East, North Korea, Ukraine or elsewhere; uncertainty about the United Kingdom’s exit from the European Union; and/or adverse export or import markets. These factors include volatile natural gas and diesel fuel prices, climate conditions, fluctuations in currency exchange rates, general performance of the United States and the global economy, disruptions in world financial, credit, commodity and stock markets, and increased consumer confidence. Coupled with every fall. Discretionary spending, including the inability of consumers and businesses to obtain credit due to a lack of liquidity in financial markets, could cause actual results to differ materially from the “forward-looking” statements contained in this press release, or adversely affect the company. can influence. operating results. Among other things, future profitability may be affected by a company’s ability to grow its business, which faces competition from companies that may have significantly more resources than the company itself. Other risks and uncertainties related to the company, its business and the industries in which it operates are mentioned from time to time in the company’s filings with the Securities and Exchange Commission. The Company undertakes no obligation (and expressly disclaims any obligation) to update its “forward-looking” statements, whether as a result of a change in circumstances, new events or otherwise.

for more information contact:
Suan Guthrie, Vice President, Investor Relations, Sustainability and Global Communications
[email protected]
(1) 469-214-8202

Source Darling Materials Inc.



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