Darling’s $525 Million Term B Loan Refinancing

Simpson Thacher represented the arrangers, including BMO Capital Markets Corp., as lead arranger, and JPMorgan Chase Bank, N.A., as administrative agent, in connection with an amendment to the Second Amended and Restated Credit Agreement of Darling Ingredients Inc. (“Darling Ingredients”), which, among other things, provides for a refinancing of Darling Ingredients’ term B loan in the aggregate principal amount of $525 million.

Darling Ingredients is a global developer and producer of sustainable natural ingredients from edible and inedible bio-nutrients, creating a wide range of ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy and fertilizer industries.

The Simpson Thacher team included Justin Lungstrum (Picture), Samuel Egendorf and Oliver Sall (Banking & Credit).

Involved fees earner: Justin Lungstrum – Simpson Thacher & Bartlett; Samuel Egendorf – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: JPMorgan Chase & Co.; BMO Capital Markets;


Author: Ambrogio Visconti