Darling Ingredients Raises $250M Via Add-On Debt Offering

Darling Ingredients Inc DAR has launched an add-on offering of $250 million in aggregate principal amount of unsecured senior notes.
The add-on notes will be issued as additional notes under the same indenture as Darling's 6% senior notes due 2030, $750.0 million of which were issued on June 9, 2022.
The add-on notes will have the same terms as the initial notes and will constitute a single class of securities under the indenture.
The gross proceeds of the add-on notes offering are expected to be used for general corporate purposes.
Price Action: DAR shares are trading lower by 2.19% at $75.61 on the last check Monday.