Darling launches $500m high yield bond for Vion takeover
Darling International, the US food products firm, has launched its planned high yield bond to refinance its bridge loan for the takeover of Vion Ingredients of the Netherlands.
The $500m of eight year unsecured notes will be callable after three years.
Darling will use the proceeds to redeem its 8.5% senior notes due 2018, to finance some of its acquisition of the Vion Ingredients division of Vion Holding, to pay fees and expenses and for
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