Financing ·
Ingredion Incorporated entered into a $1.475 billion senior unsecured delayed draw term loan facility with JPMorgan…
INGRIngredion Inc
Ingredion Incorporated entered into a $1.475 billion senior unsecured delayed draw term loan facility with JPMorgan Chase Bank, N.A. as administrative agent to fund its cash acquisition of Tate & Lyle PLC. The facility consists of two tranches, Tranche A-1 ($500 million) and Tranche B-1 ($975 million), and is intended to fund the acquisition's cash consideration, refinancing, and related costs. Ingredion operates in the ingredient industry, providing specialty ingredients for food and beverage applications.