Loan & DebtMay 26, 2026, 11:46 AM
Lamb Weston Subsidiary Secures RMB 700M Term Loan Facility
AI Summary
Lamb Weston Holdings, Inc.'s wholly-owned Chinese subsidiary, Ulanqab Lamb Weston Food Co., Ltd. (LW Ulanqab), entered into a new Facility Agreement for an RMB 700,000,000 (approximately $102,940,000) term loan. This new facility, maturing on May 22, 2031, will be used to refinance existing indebtedness. Lamb Weston Holdings, Inc. unconditionally guarantees the payment obligations under the new loan, and the previous 2022 Facility Agreement was repaid and terminated.
Key Highlights
- LW Ulanqab secured an RMB 700,000,000 term loan facility.
- The loan is equivalent to approximately $102,940,000 as of May 19, 2026.
- The Term Loan Facility matures on May 22, 2031.
- Interest rate is the PRC prime rate for five-year loans plus 0.30%.
- The new facility refinances existing indebtedness under the 2022 Facility Agreement.
- Lamb Weston Holdings, Inc. unconditionally guarantees the payment obligations.
- The 2022 Facility Agreement was repaid and terminated on May 22, 2026.
Price Impact
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