$IFF 8-K: IFF secured a $1B delayed-draw term loan (SOFR+0.875%-1.500%) to refinance $800M of 1.800% Senior Notes due Sept 2026, with mandatory prepayment from the expected $3.8B Food Ingredients sale
What changed
$IFF 8-K: IFF secured a $1B delayed-draw term loan (SOFR+0.875%-1.500%) to refinance $800M of 1.800% Senior Notes due Sept 2026, with mandatory prepayment from the expected $3.8B Food Ingredients sale proceeds, reducing refinancing risk ahead of the sale closing by Q2 2027.