Darling to pay down credit facility debt with common stock proceeds

By Sara Rosenberg

New York, Jan. 24 - Darling International Inc. plans to repay all of its revolving credit facility borrowings and a portion of its term loan using proceeds from the sale of roughly 24 million shares of common stock, according to a 424B5 filed with the Securities and Exchange Commission on Monday.

Darling is an Irving, Texas-based provider of rendering, recycling and recovery services to the food industry.

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