Latest news with #DarlingIngredients
Yahoo
11 hours ago
- Business
- Yahoo
Darling Ingredients Inc. announces offering of €750 Million of senior notes by Darling Global Finance B.V. and proposed entry into a new amended and restated credit agreement
IRVING, Texas, June 16, 2025--(BUSINESS WIRE)--Darling Ingredients Inc. (NYSE: DAR) ("Darling" or the "Company") the world's leading company turning food waste into sustainable products and producer of renewable energy today announced that Darling Global Finance B.V. (the "Issuer"), an indirect, wholly owned subsidiary of the Company incorporated as a private company with limited liability (besloten vennootschap met beperkte aansprakelijkheid) under Dutch law, has launched an offering of €750 million in aggregate principal amount of its senior notes (the "notes"). In addition, the Company announces that it intends to amend and restate its Second Amended and Restated Credit Agreement, dated as of January 6, 2014 (as amended from time to time), pursuant to a Third Amended and Restated Credit Agreement. The notes will be guaranteed by the Company and the Company's restricted subsidiaries that will be borrowers under or that will guarantee the Company's senior secured credit facilities under the proposed Third Amended and Restated Credit Agreement, other than foreign subsidiaries, receivables entities and certain other subsidiaries. The offering is subject to market and other conditions. The Company intends to use the proceeds from the offering of the notes, together with the drawings under the proposed senior secured credit facilities, to (i) redeem the Issuer's €515.0 million principal amount of the 3.625% Senior Notes due 2026 issued under the indenture dated May 2, 2018 and repay certain of the existing senior secured credit facilities; and (ii) pay costs, fees and expenses related to the refinancing, including applicable premiums for the refinancing and the issuance discount for the initial purchasers. The notes and related guarantees will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") or any state securities laws and, unless so registered, may not be offered or sold in the United States except pursuant to an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws. Accordingly, the notes and related guarantees will be offered in the United States only to persons reasonably believed to be "qualified institutional buyers" in reliance on Rule 144A under the Securities Act, and outside the United States to non‑U.S. persons in reliance on Regulation S under the Securities Act. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the notes and related guarantees, nor shall there be any offer to sell, solicitation of an offer to buy or sale of the notes and related guarantees, in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction. About Darling Ingredients A pioneer in circularity, Darling Ingredients Inc. (NYSE: DAR) takes material from the animal agriculture and food industries, and transforms them into valuable ingredients that nourish people, feed animals and crops, and fuel the world with renewable energy. The company operates over 260 facilities in more than 15 countries and processes about 15% of the world's animal agricultural by-products, produces about 30% of the world's collagen (both gelatin and hydrolyzed collagen), and is one of the largest producers of renewable energy. To learn more, visit Follow us on LinkedIn. Cautionary Statements Regarding Forward-Looking Information: This announcement includes "forward-looking statements," which include information concerning potential refinancing transactions that the Company may enter into and other information that is not historical information. When used in this press release, the words "intends" and "will" and variations of such words or similar expressions are intended to identify forward-looking statements. All forward-looking statements are based upon the Company's current expectations and beliefs and various assumptions. There can be no assurance that the Company will realize these expectations or that these beliefs will prove correct. There are a number of risks and uncertainties, many of which are outside of Darling's control, that could cause actual results to differ materially from the results expressed or implied by such forward-looking statements. These include factors which could preclude the Company from pricing or closing the proposed refinancing transactions or realizing the anticipated benefits of the proposed refinancing transactions such as potential investor and lender interest, general conditions in the capital and credit markets, the attractiveness of the terms of the refinancing transactions and the satisfaction of conditions to the refinancing transactions. Other risk factors include those that are discussed in the Company's filings with the Securities and Exchange Commission. Any forward-looking statement speaks only as of the date on which it is made, and the Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date on which it is made or to reflect the occurrence of anticipated or unanticipated events or circumstances. View source version on Contacts Darling Ingredients Contacts Media:Jillian FlemingDirector, Global Communications(972) 541-7115; Investors:Suann GuthrieSenior VP, Investor Relations, Sustainability & Communications(469) 214-8202;
Associated Press
12 hours ago
- Business
- Associated Press
Darling Ingredients Inc. announces offering of €750 Million of senior notes by Darling Global Finance B.V. and proposed entry into a new amended and restated credit agreement
IRVING, Texas--(BUSINESS WIRE)--Jun 16, 2025-- Darling Ingredients Inc. (NYSE: DAR) ('Darling' or the 'Company') the world's leading company turning food waste into sustainable products and producer of renewable energy today announced that Darling Global Finance B.V. (the 'Issuer'), an indirect, wholly owned subsidiary of the Company incorporated as a private company with limited liability ( besloten vennootschap met beperkte aansprakelijkheid ) under Dutch law, has launched an offering of €750 million in aggregate principal amount of its senior notes (the 'notes'). In addition, the Company announces that it intends to amend and restate its Second Amended and Restated Credit Agreement, dated as of January 6, 2014 (as amended from time to time), pursuant to a Third Amended and Restated Credit Agreement. The notes will be guaranteed by the Company and the Company's restricted subsidiaries that will be borrowers under or that will guarantee the Company's senior secured credit facilities under the proposed Third Amended and Restated Credit Agreement, other than foreign subsidiaries, receivables entities and certain other subsidiaries. The offering is subject to market and other conditions. The Company intends to use the proceeds from the offering of the notes, together with the drawings under the proposed senior secured credit facilities, to (i) redeem the Issuer's €515.0 million principal amount of the 3.625% Senior Notes due 2026 issued under the indenture dated May 2, 2018 and repay certain of the existing senior secured credit facilities; and (ii) pay costs, fees and expenses related to the refinancing, including applicable premiums for the refinancing and the issuance discount for the initial purchasers. The notes and related guarantees will not be registered under the U.S. Securities Act of 1933, as amended (the 'Securities Act') or any state securities laws and, unless so registered, may not be offered or sold in the United States except pursuant to an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws. Accordingly, the notes and related guarantees will be offered in the United States only to persons reasonably believed to be 'qualified institutional buyers' in reliance on Rule 144A under the Securities Act, and outside the United States to non‑U.S. persons in reliance on Regulation S under the Securities Act. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the notes and related guarantees, nor shall there be any offer to sell, solicitation of an offer to buy or sale of the notes and related guarantees, in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction. About Darling Ingredients A pioneer in circularity, Darling Ingredients Inc. (NYSE: DAR) takes material from the animal agriculture and food industries, and transforms them into valuable ingredients that nourish people, feed animals and crops, and fuel the world with renewable energy. The company operates over 260 facilities in more than 15 countries and processes about 15% of the world's animal agricultural by-products, produces about 30% of the world's collagen (both gelatin and hydrolyzed collagen), and is one of the largest producers of renewable energy. To learn more, visit Follow us on LinkedIn. Cautionary Statements Regarding Forward-Looking Information: This announcement includes 'forward-looking statements,' which include information concerning potential refinancing transactions that the Company may enter into and other information that is not historical information. When used in this press release, the words 'intends' and 'will' and variations of such words or similar expressions are intended to identify forward-looking statements. All forward-looking statements are based upon the Company's current expectations and beliefs and various assumptions. There can be no assurance that the Company will realize these expectations or that these beliefs will prove correct. There are a number of risks and uncertainties, many of which are outside of Darling's control, that could cause actual results to differ materially from the results expressed or implied by such forward-looking statements. These include factors which could preclude the Company from pricing or closing the proposed refinancing transactions or realizing the anticipated benefits of the proposed refinancing transactions such as potential investor and lender interest, general conditions in the capital and credit markets, the attractiveness of the terms of the refinancing transactions and the satisfaction of conditions to the refinancing transactions. Other risk factors include those that are discussed in the Company's filings with the Securities and Exchange Commission. Any forward-looking statement speaks only as of the date on which it is made, and the Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date on which it is made or to reflect the occurrence of anticipated or unanticipated events or circumstances. View source version on CONTACT: Darling Ingredients ContactsMedia: Jillian Fleming Director, Global Communications (972) 541-7115;[email protected]: Suann Guthrie Senior VP, Investor Relations, Sustainability & Communications (469) 214-8202;[email protected] KEYWORD: UNITED STATES NORTH AMERICA TEXAS INDUSTRY KEYWORD: AGRICULTURE NATURAL RESOURCES SUSTAINABILITY ENVIRONMENT ALTERNATIVE ENERGY ENERGY FOOD/BEVERAGE RETAIL SOURCE: Darling Ingredients Inc. Copyright Business Wire 2025. PUB: 06/16/2025 03:42 AM/DISC: 06/16/2025 03:41 AM
Yahoo
12 hours ago
- Business
- Yahoo
Darling Ingredients Inc. announces offering of €750 Million of senior notes by Darling Global Finance B.V. and proposed entry into a new amended and restated credit agreement
IRVING, Texas, June 16, 2025--(BUSINESS WIRE)--Darling Ingredients Inc. (NYSE: DAR) ("Darling" or the "Company") the world's leading company turning food waste into sustainable products and producer of renewable energy today announced that Darling Global Finance B.V. (the "Issuer"), an indirect, wholly owned subsidiary of the Company incorporated as a private company with limited liability (besloten vennootschap met beperkte aansprakelijkheid) under Dutch law, has launched an offering of €750 million in aggregate principal amount of its senior notes (the "notes"). In addition, the Company announces that it intends to amend and restate its Second Amended and Restated Credit Agreement, dated as of January 6, 2014 (as amended from time to time), pursuant to a Third Amended and Restated Credit Agreement. The notes will be guaranteed by the Company and the Company's restricted subsidiaries that will be borrowers under or that will guarantee the Company's senior secured credit facilities under the proposed Third Amended and Restated Credit Agreement, other than foreign subsidiaries, receivables entities and certain other subsidiaries. The offering is subject to market and other conditions. The Company intends to use the proceeds from the offering of the notes, together with the drawings under the proposed senior secured credit facilities, to (i) redeem the Issuer's €515.0 million principal amount of the 3.625% Senior Notes due 2026 issued under the indenture dated May 2, 2018 and repay certain of the existing senior secured credit facilities; and (ii) pay costs, fees and expenses related to the refinancing, including applicable premiums for the refinancing and the issuance discount for the initial purchasers. The notes and related guarantees will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") or any state securities laws and, unless so registered, may not be offered or sold in the United States except pursuant to an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws. Accordingly, the notes and related guarantees will be offered in the United States only to persons reasonably believed to be "qualified institutional buyers" in reliance on Rule 144A under the Securities Act, and outside the United States to non‑U.S. persons in reliance on Regulation S under the Securities Act. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the notes and related guarantees, nor shall there be any offer to sell, solicitation of an offer to buy or sale of the notes and related guarantees, in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction. About Darling Ingredients A pioneer in circularity, Darling Ingredients Inc. (NYSE: DAR) takes material from the animal agriculture and food industries, and transforms them into valuable ingredients that nourish people, feed animals and crops, and fuel the world with renewable energy. The company operates over 260 facilities in more than 15 countries and processes about 15% of the world's animal agricultural by-products, produces about 30% of the world's collagen (both gelatin and hydrolyzed collagen), and is one of the largest producers of renewable energy. To learn more, visit Follow us on LinkedIn. Cautionary Statements Regarding Forward-Looking Information: This announcement includes "forward-looking statements," which include information concerning potential refinancing transactions that the Company may enter into and other information that is not historical information. When used in this press release, the words "intends" and "will" and variations of such words or similar expressions are intended to identify forward-looking statements. All forward-looking statements are based upon the Company's current expectations and beliefs and various assumptions. There can be no assurance that the Company will realize these expectations or that these beliefs will prove correct. There are a number of risks and uncertainties, many of which are outside of Darling's control, that could cause actual results to differ materially from the results expressed or implied by such forward-looking statements. These include factors which could preclude the Company from pricing or closing the proposed refinancing transactions or realizing the anticipated benefits of the proposed refinancing transactions such as potential investor and lender interest, general conditions in the capital and credit markets, the attractiveness of the terms of the refinancing transactions and the satisfaction of conditions to the refinancing transactions. Other risk factors include those that are discussed in the Company's filings with the Securities and Exchange Commission. Any forward-looking statement speaks only as of the date on which it is made, and the Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date on which it is made or to reflect the occurrence of anticipated or unanticipated events or circumstances. View source version on Contacts Darling Ingredients Contacts Media:Jillian FlemingDirector, Global Communications(972) 541-7115; Investors:Suann GuthrieSenior VP, Investor Relations, Sustainability & Communications(469) 214-8202; Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
Darling Ingredients (DAR) Soars 9% on Trump's Biofuel Policy
We recently published a list of . In this article, we are going to take a look at where Darling Ingredients Inc. (NYSE:DAR) stands against other best-performing stocks of Friday. Darling Ingredients grew by 9.15 percent on Friday to close at $36.01 apiece as investor sentiment was bolstered by the Trump administration's plans to ramp up the amount of biofuels that oil refiners must blend into the country's fuel mix. Earlier this week, the Trump administration announced plans to raise total biofuel blending volumes to 24.02 billion gallons in 2026 and to 24.46 billion gallons in 2027, from 22.33 billion gallons in 2025. A selection of pet food ingredients being prepared in a kitchen for quality and safety testing. Darling Ingredients Inc. (NYSE:DAR), a company engaged in transforming sustainable feedstocks into energy solutions, is expected to largely benefit from the plan due to strong demand for biofuel feedstocks. According to the Environmental Protection Agency, the new policy also aims to discourage imports and support American farmers. Darling Ingredients Inc. (NYSE:DAR) transforms sustainable feedstocks, such as animal fats, used cooking oil, and food waste, into energy solutions to support global decarbonization. Through its 50/50 joint venture Diamond Green Diesel, it is also one of the largest renewable diesel and sustainable aviation producers, as well as a leading company in low-carbon biogas in Europe. While we acknowledge the potential of DAR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Associated Press
12-05-2025
- Business
- Associated Press
Darling Ingredients and Tessenderlo Group Agree to Form New Company to Accelerate Growth in Attractive Collagen-Based Health, Wellness and Nutrition Sector
IRVING, Texas--(BUSINESS WIRE)--May 12, 2025-- Darling Ingredients Inc. (NYSE: DAR) today announced the signing of a non-binding term sheet with Tessenderlo Group (XBRU: TESB) to combine the collagen and gelatin segments of their companies into a new company called Nextida™, requiring no cash or initial investment from either party. This strategic partnership aims to create a top-tier, collagen-based health, wellness and nutrition products company positioned to capitalize on global collagen growth. The transaction is subject to negotiation and execution of definitive documentation by the parties. Pending regulatory approvals, Nextida will operate as a joint venture, with Darling Ingredients holding a majority, 85% ownership stake and Tessenderlo Group holding the remaining 15%. Nextida will combine Darling Ingredients' collagen and gelatin business, branded as Rousselot, with Tessenderlo Group's PB Leiner business. The combination will result in a new company, initially with expected annual revenue of approximately $1.5 billion, and total gelatin and collagen capacity of about 200,000 metric tons across 23 facilities located in South America, North America, Europe and Asia. Over time, the integration of the two companies provides significant opportunities to realize synergies and develop the Nextida portfolio of products, delivering targeted health benefits and providing a significant opportunity to increase earnings. 'By working with Tessenderlo Group over the last several months, we have developed a great opportunity that will allow us to establish a new company that provides a strong platform for accelerated product development and growth,' said Randall C. Stuewe, Chairman and Chief Executive Officer of Darling Ingredients. 'Collagen has represented the fastest-growing area of Darling Ingredients' food segment business over the past several years, and with the addition of PB Leiner's people, assets and products, we are well positioned to increase scale and focus in this rapidly growing segment.' Luc Tack, Chief Executive Officer, Tessenderlo Group, added, 'With this combination, we will have the best new ownership possible. We will benefit from each other by sharing technology expertise and providing a complementary offering for our global customer base. This includes many in-demand products, such as gelatin and collagen peptides.' The integration of these businesses provides further infrastructure and geographical reach to meet the growing demand for collagen products, minimizing the need for additional infrastructure investment, while realizing significant synergies through commercial and logistical optimization and operational efficiencies. Pending regulatory approvals, the transaction is expected to close in 2026. This strategic partnership is expected to create new opportunities for growth, while expanding options to enhance shareholder value. Darling Ingredients will host a conference call and webcast for investors at 9 a.m. Eastern Time (8 a.m. Central Time) today, May 12, 2025, to discuss this announcement. Prior to the call, a presentation will be available at To access the call as a listener, please register for the audio-only webcast. To join the call as a participant to ask a question, please register in advance to receive a confirmation email with the dial-in number and PIN for immediate access on May 12 or call 833-470-1428 (United States) or 404-975-4839 (international) using access code 780865. A replay of the call will be available online via the webcast registration link two hours after the call ends. A transcript will be posted at within 24 hours. About Darling Ingredients A pioneer in circularity, Darling Ingredients Inc. (NYSE: DAR) takes material from the animal agriculture and food industries, and transforms them into valuable ingredients that nourish people, feed animals and crops, and fuel the world with renewable energy. The company operates over 260 facilities in more than 15 countries and processes about 15% of the world's animal agricultural by-products, produces about 30% of the world's collagen (both gelatin and hydrolyzed collagen), and is one of the largest producers of renewable energy. To learn more, visit Follow us on LinkedIn. About Tessenderlo Group Tessenderlo Group is an industrial group that focuses on agriculture, valorizing bio-residuals, machinery, mechanical engineering, electronics, energy, and providing industrial solutions with a focus on water. With its headquarters in Belgium, the group is active in over 100 countries and has a global team of more than 7,000 employees. Cautionary Statements Regarding Forward-Looking Information: This release may contain 'forward-looking statements,' which include information concerning the Company's financial performance, plans, objectives, goals, strategies, future earnings, cash flow, performance and other information that is not historical information. When used in this release, the words 'expects,' 'anticipates,' 'projects,' 'plans,' 'intends,' 'believes,' 'will' and variations of such words or similar expressions are intended to identify forward-looking statements. All forward-looking statements are based upon current expectations and beliefs and various assumptions. There can be no assurance that the Company will realize these expectations or that these beliefs will prove correct. There are a number of risks and uncertainties that could cause actual results to differ materially from the results expressed or implied by the forward-looking statements contained in this release. Numerous factors, many of which are beyond the Company's control, could cause actual results to differ materially from those expressed as forward-looking statements. These include factors which could preclude the Company from closing the proposed transaction or realizing the anticipated benefits of the proposed transaction. Other risk factors include those that are discussed in the Company's filings with the Securities and Exchange Commission. Any forward-looking statement speaks only as of the date on which it is made, and the Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date on which it is made or to reflect the occurrence of anticipated or unanticipated events or circumstances. View source version on CONTACT: Darling Ingredients Contacts Media: Jillian Fleming Director, Global Communications (972) 541-7115;[email protected]: Suann Guthrie Senior VP, Investor Relations, Sustainability & Communications (469) 214-8202;[email protected] KEYWORD: UNITED STATES NORTH AMERICA TEXAS INDUSTRY KEYWORD: OTHER HEALTH GENERAL HEALTH PHARMACEUTICAL TECHNOLOGY AGRICULTURE FOOD/BEVERAGE NATURAL RESOURCES COSMETICS FITNESS & NUTRITION RETAIL FOOD TECH HEALTH SOURCE: Darling Ingredients Inc. Copyright Business Wire 2025. PUB: 05/12/2025 02:45 AM/DISC: 05/12/2025 02:44 AM
