Darling Ingredients Aktie
WKN: 895117 / ISIN: US2372661015
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26.08.2013 23:02:00
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Darling International Inc. -- Moody's Assign Ba1 ratings to Darling's credit facilities
New York, August 26, 2013 -- Moody's Investors Service, ("Moody's") today assigned a Ba1 rating to Darling International Inc.'s ("Darling") proposed $750 million senior secured revolving credit facility and its proposed $350 million delayed draw senior secured Term Loan A. All other ratings are affirmed. Proceeds of the issuance are expected to be used to finance the company's proposed acquisition of all of the assets of Rothsay, a division of Maple Leaf Foods Inc. for approximately CAD $645 million in cash. Rothsay is a leading recycler of animal by-products in Canada.
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