Lamb Weston Holdings, Inc.

Lamb Weston Holdings, Inc. announced its Board of Directors committed to closing its manufacturing facility in Broekhuizenvorst, the Netherlands, effective June 1, 2026. This strategic move is intended to enhance operational efficiency and better align the company's global manufacturing footprint with customer demands. The company anticipates incurring pre-tax charges ranging from $80 million to $110 million, with the majority expected in fiscal year 2027, and at least 20% of these charges involving future cash expenditures.

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.