Ingredion Inc (INGR) Form 8-K — Jun 25, 2026
Ingredion Incorporated entered into a Delayed Draw Term Loan Agreement totaling $1.475 billion to finance its cash acquisition of Tate & Lyle PLC. The facility consists of a $500 million Tranche A-1 with a three-year maturity and a $975 million Tranche B-1 with a five-year maturity. This financing replaces a portion of the company's previously established $4.225 billion bridge loan facility, specifically the $1.475 billion Tranche A commitment. The proceeds will be used to pay the cash consideration for the acquisition, refinance certain outstanding indebtedness of Tate & Lyle, and cover related fees and expenses.
Key figures
- Debt Amount
- 1475000000
- Tranche a1 amount
- 500000000
- Tranche b1 amount
- 975000000
- Max leverage ratio
- 3.5 to 1.0
- Tranche a1 maturity
- 3 years
- Tranche b1 maturity
- 5 years
- Min interest coverage ratio
- 3.5 to 1.0
Price after filing
Close on the filing date to close N calendar days later (from $96.82). Historical, not a forecast.
AI analysis
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