ingredion inc (INGR) Key Developments
Ingredion Incorporated Presents at World Congress on Industrial Biotechnology, Jul-20-2015 08:30 AM
Jul 16 15
Ingredion Incorporated Presents at World Congress on Industrial Biotechnology, Jul-20-2015 08:30 AM. Venue: Palais des congrès de Montréal, Montréal, Quebec, Canada. Speakers: Greg Keenan.
Ingredion Incorporated Enters into the 2015 Term Loan Credit Agreement
Jul 14 15
Ingredion Incorporated entered into the 2015 Term Loan Credit Agreement to establish a new 18 month $350 million multi-currency senior unsecured term loan credit facility. All borrowings under the term loan facility will bear interest at a variable annual rate based on the LIBOR or base rate, at the Company's election, subject to the terms and conditions thereof, plus, in each case, an applicable margin. The 2015 Term Loan Credit Agreement contains customary representations, warranties, covenants, events of default, terms and conditions, including limitations on liens, incurrence of debt, mergers and significant asset dispositions. The Company must also comply with a leverage ratio and interest coverage ratio. The occurrence of an event of default under the 2015 Term Loan Credit Agreement could result in all loans and other obligations being declared due and payable and the term loan credit facility being terminated. $350 million was borrowed under the 2015 Term Loan Credit Agreement and used to repay a portion of the amount outstanding under the Company's 2012 Revolving Credit Agreement.
Ingredion Seeks Acquisitions
Jul 8 15
Ingredion Incorporated (NYSE:INGR) is looking for acquisitions. Ilene Gordon Chief Executive Officer of Ingredion said, "This extends our clean-label offerings beyond ingredient solutions made from corn, tapioca and potato, and we continue to look for acquisition opportunities in this space."
Ingredion Incorporated Appoints Jorge A. Uribe to Its Board of Directors, Effective July 1, 2015
Jun 29 15
Ingredion Incorporated announced appointment of Jorge A. Uribe to its board of directors, effective July 1, 2015. Uribe is the global productivity and organization transformation officer of The Procter & Gamble Company (P&G).
Ingredion Incorporated, Board Meeting, May 20, 2015
May 20 15
Ingredion Incorporated, Board Meeting, May 20, 2015. Agenda: To consider retirement of John F. Saucier, Senior Vice President, Corporate Strategy and Global Business Development.