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Darling Ingredients Inc. announces offering of €750 Million of senior notes by Darling Global Finance B.V. and proposed entry into a new amended and restated credit agreement

1. Darling launched a €750 million senior notes offering. 2. Proceeds will refinance existing senior notes and pay expenses. 3. Notes won't be registered under U.S. Securities Act. 4. Offering is subject to market conditions. 5. Darling operates 260 facilities globally, processing 15% of animal by-products.

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Why Bullish?

The refinancing could improve financial stability and lower interest payments, similar to past offerings that bolstered stock performance.

How important is it?

The announcement signals corporate growth and financial restructuring, crucial for market positioning.

Why Long Term?

Successful refinancing likely stabilizes future cash flows, positively affecting stock over time.

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DARBIDUCZZ
- IRVING, Texas--(BUSINESS WIRE)--Darling Ingredients Inc. (NYSE: DAR) (“Darling” or the “Company”) the world’s leading company turning food waste into sustainable products and producer of renewable energy today announced that Darling Global Finance B.V. (the “Issuer”), an indirect, wholly owned subsidiary of the Company incorporated as a private company with limited liability (besloten vennootschap met beperkte aansprakelijkheid) under Dutch law, has launched an offering of €750 million in aggregate principal amount of its senior notes (the “notes”). In addition, the Company announces that it intends to amend and restate its Second Amended and Restated Credit Agreement, dated as of January 6, 2014 (as amended from time to time), pursuant to a Third Amended and Restated Credit Agreement. The notes will be guaranteed by the Company and the Company’s restricted subsidiaries that will be borrowers under or that will guarantee the Company’s senior secured credit facilities under the proposed Third Amended and Restated Credit Agreement, other than foreign subsidiaries, receivables entities and certain other subsidiaries. The offering is subject to market and other conditions. The Company intends to use the proceeds from the offering of the notes, together with the drawings under the proposed senior secured credit facilities, to (i) redeem the Issuer’s €515.0 million principal amount of the 3.625% Senior Notes due 2026 issued under the indenture dated May 2, 2018 and repay certain of the existing senior secured credit facilities; and (ii) pay costs, fees and expenses related to the refinancing, including applicable premiums for the refinancing and the issuance discount for the initial purchasers. The notes and related guarantees will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) or any state securities laws and, unless so registered, may not be offered or sold in the United States except pursuant to an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws. Accordingly, the notes and related guarantees will be offered in the United States only to persons reasonably believed to be “qualified institutional buyers” in reliance on Rule 144A under the Securities Act, and outside the United States to non‑U.S. persons in reliance on Regulation S under the Securities Act. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the notes and related guarantees, nor shall there be any offer to sell, solicitation of an offer to buy or sale of the notes and related guarantees, in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction. About Darling Ingredients A pioneer in circularity, Darling Ingredients Inc. (NYSE: DAR) takes material from the animal agriculture and food industries, and transforms them into valuable ingredients that nourish people, feed animals and crops, and fuel the world with renewable energy. The company operates over 260 facilities in more than 15 countries and processes about 15% of the world’s animal agricultural by-products, produces about 30% of the world’s collagen (both gelatin and hydrolyzed collagen), and is one of the largest producers of renewable energy. To learn more, visit darlingii.com. Follow us on LinkedIn. Cautionary Statements Regarding Forward-Looking Information: This announcement includes “forward-looking statements,” which include information concerning potential refinancing transactions that the Company may enter into and other information that is not historical information. When used in this press release, the words “intends” and “will” and variations of such words or similar expressions are intended to identify forward-looking statements. All forward-looking statements are based upon the Company’s current expectations and beliefs and various assumptions. There can be no assurance that the Company will realize these expectations or that these beliefs will prove correct. There are a number of risks and uncertainties, many of which are outside of Darling’s control, that could cause actual results to differ materially from the results expressed or implied by such forward-looking statements. These include factors which could preclude the Company from pricing or closing the proposed refinancing transactions or realizing the anticipated benefits of the proposed refinancing transactions such as potential investor and lender interest, general conditions in the capital and credit markets, the attractiveness of the terms of the refinancing transactions and the satisfaction of conditions to the refinancing transactions. Other risk factors include those that are discussed in the Company’s filings with the Securities and Exchange Commission. Any forward-looking statement speaks only as of the date on which it is made, and the Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date on which it is made or to reflect the occurrence of anticipated or unanticipated events or circumstances. More News From Darling Ingredients Inc.

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