New Issue-Darling International sells $250 mln in notes

Fri Dec 3, 2010 4:07pm EST

Related Topics

  Dec 3 (Reuters) - Darling International Inc (DAR.N) on
Friday sold $250 million of senior notes in the 144a private
placement market, said IFR, a Thomson Reuters service.
  JP Morgan and Goldman Sachs were the joint bookrunning
managers for the sale.
BORROWER: DARLING INTERNATIONAL INC                     
AMT $250 MLN      COUPON 8.50 PCT     MATURITY 12/15/2018
TYPE SR NTS       ISS PRICE 100       FIRST PAY 6/15/2011
MOODY'S B2        YIELD 8.50 PCT      SETTLEMENT 12/17/2010
S&P SINGLE-B      SPREAD 620 BPS      PAY FREQ SEMI-ANNUAL
FITCH N/A          MORE THAN TREAS    NON-CALLABLE 4 YRS*
*MAKE-WHOLE CALL 50 BPS                                  

FILED UNDER: