Darling International sets Friday investor call for $500 million eight-year notes offering

By Paul A. Harris

Portland, Ore., Dec. 13 - Darling International Inc. plans to participate in a conference call with investors at noon ET Friday to discuss its $500 million offering of eight-year senior notes (B1), according to market sources.

A roadshow is set to get underway on Monday in New York and on Tuesday in Boston.

The deal is expected to price during the week ahead.

Goldman Sachs & Co., J.P. Morgan Securities LLC and BMO Capital Markets Corp. are the joint bookrunners for the Rule 144A and Regulation S with registrations rights deal.

The notes come with three years of call protection.

Proceeds will be used to redeem the 8½% senior notes due 2018, to finance a portion of the acquisition of the Vion Ingredients division of Vion Holding NV and for general corporate purposes.

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

Vion Ingredients is a Son en Breugel, the Netherlands-based developer and producer of specialty ingredients from animal origin for applications in pharmaceuticals, food, feed, pet food, fertilizer and bio-energy.

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