Darling International to call $250 million 8½% notes via stock proceeds

By Tali David

Minneapolis, Dec. 9 - Darling International Inc. plans to redeem its $250 million of 8½% senior notes due 2018 with the proceeds from a common stock offering, according to a 424B5 filed with the Securities and Exchange Commission.

Proceeds will also be used to pay an estimated redemption premium of about $24.5 million and roughly $3 million of accrued interest, assuming a redemption date of Feb. 1.

Darling is an Irving, Texas-based provider of rendering, recycling and recovery services to the food industry.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.