- Darling Ingredients Inc (NYSE:DAR) has launched an add-on offering of $250 million in aggregate principal amount of unsecured senior notes.
- The add-on notes will be issued as additional notes under the same indenture as Darling’s 6% senior notes due 2030, $750.0 million of which were issued on June 9, 2022.
- The add-on notes will have the same terms as the initial notes and will constitute a single class of securities under the indenture.
- The gross proceeds of the add-on notes offering are expected to be used for general corporate purposes.
- Price Action: DAR shares are trading lower by 2.19% at $75.61 on the last check Monday.
JP Morgan Downgrades Apollo Comml Real Est to Underweight, Lowers Price Target to $11
JP Morgan analyst Richard Shane downgrades Apollo Comml Real Est (NYSE:ARI) from Neutral to Underweight and lowers the price target from $12.5 to $11.
