top of page
Search

Darling Ingredients extends $1 billion credit facility, reinforces liquidity strength for growth

  • Darling Ingredients Inc.
  • Sep 21, 2020
  • 1 min read

Darling Ingredients Inc. announced Sept. 21 that it has amended and extended its $1 billion senior secured credit facility. The amendment extends the maturity date of the revolving credit facility under the credit agreement from Dec. 16, 2021, to Sept. 18, 2025.


"We are pleased to complete the amendment and extension of our credit facility ahead of schedule," said Randall C. Stuewe, chairman and CEO of Darling Ingredients. "This transaction reinforces our solid financial position and provides us with a strong balance sheet and ample liquidity to continue to execute on our growth strategy. We would like to thank our syndicate of banking partners for their on-going support and demonstrating their confidence in our business, especially during these uncertain times."


In addition to extending the maturity date, the amendment increases the leverage ratio applicable to achieving the lowest applicable margin on borrowings under the revolving credit facility from 1.0 to 1.5; eliminates or modifies certain of the negative covenants to increase the allowances for certain actions, including the incurrence of debt and investments; limits guarantees from, and security with respect to, entities organized outside of the U.S. and Canada to a limited group of foreign subsidiary holding companies; includes a collateral release mechanic, subject to the consent of the term loan B lenders, upon the company achieving certain investment grade credit ratings; and makes other market updates and changes.

Frazier, Barnes & Associates LLC
Veriflux
Reiter USA
Clean Fuels Alliance America
WWS Trading
HERO BX
Imerys
R.W. Heiden Associates LLC
Myande Group
Clean Fuels Alliance America
Engine Technology Forum
Topsoe
Teikoku USA Inc.
Evonik
Missouri Soybeans
Ocean Park
CPM | Crown
Desmet
EcoEngineers
RINSTAR
Dicalite
Michigan Advanced Biofuels Coalition
Pacific Biodiesel
Biobased Academy®
PQ Corporation
Advanced Biofuels USA
Clean Energy Consultants
Iowa Central Fuel Testing Laboratory

Subscribe to Our Free

E-Newsletter Sent Every Tuesday:

 

Biobased Diesel™ Weekly

 

And Our Free Print Journal*: 

Biobased Diesel®

 

*Print journal available only in the U.S. and Canada until further notice. Subscribers outside the U.S. and Canada will receive a digital version of the print magazine via email. 

Advertise Here on Biobased Diesel Daily®
Advertise Here on Biobased Diesel Daily®
Render magazine
Advertise Here on Biobased Diesel Daily®

Thanks for submitting!

  • Facebook
  • LinkedIn
  • X

© 2025 RonKo Media Productions LLC. All rights reserved. 

bottom of page