Darling Ingredients Inc. (“Darling”) – Darling today announced that its joint venture with Valero Energy Corporation, Diamond Green Diesel (“DGD”), has entered into a new $400 million senior, unsecured revolving credit facility. CoBank ACB acted as lead arranger and will be the administrative agent for the lending group, which is comprised of Farm Credit System institutions.
The new revolving credit facility matures March 30, 2024 and is non-recourse to the joint venture partners. Use of funds is for general corporate purposes.
Source: PR Newswire, press release, 2021-03-30.