Lamb Weston Holdings Inc LW

Consumer Defensive Packaged Foods

Lamb Weston Holdings, Inc. is a supplier of frozen potato, sweet potato, appetizer and vegetable products to restaurants and retailers around the world. The Company’s segments include Global, Foodservice, Retail, and Other. The Global segment includes frozen potato products sold in North America and international markets generally to the North American based restaurant chains and international customers comprised of global and regional quick service and full-service restaurant chains, foodservice distributors, and retailers. The Foodservice segment includes frozen potato products sold throughout the United States and Canada to commercial distributors, restaurant chains generally outside the North American based restaurant chains, and non-commercial channels. The Retail segment includes consumer-facing frozen potato products sold primarily to grocery, mass merchants, club, and specialty retailers. The Other reporting segment primarily includes its vegetable and dairy businesses.

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Lamb Weston Holdings Inc > Lamb Weston’s Amended Credit Agreements

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Post by mdaneseon Aug 24, 2021 4:15pm

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Lamb Weston’s Amended Credit Agreements

On Aug. 11, the company amended both of its credit agreements. The amendment to the revolver increased its size, to $1 billion from $750 million, extended its maturity and made various changes to the negative covenants. The amendment to the term loan contained conforming changes to the negative covenants in the revolver. Although the revolver and term loan are governed by separate credit agreements, they contain largely identical covenants, including the financial covenants. Read the full analysis here: https://reorg.com/lamb-weston-debt/

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