Ingredion Secures Term Loan to Support Tate & Lyle Acquisition
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Ingredion ( (INGR) ) just unveiled an announcement.
On June 24, 2026, Ingredion entered into a $1.475 billion senior unsecured delayed draw term loan facility with a syndicate of lenders led by JPMorgan Chase, structured in two tranches maturing three and five years after funding. The financing is designed to help fund the cash consideration for Ingredion’s announced acquisition of Tate & Lyle PLC, refinance Tate & Lyle’s debt and cover related transaction costs, with portions to be hedged into sterling to match U.K. payment obligations.
The loan commitments run until February 2, 2028, subject to limited extension and U.K. takeover code protections that restrict lenders from withdrawing commitments before the deal closes, reinforcing funding certainty for the transaction. Covenants mirror Ingredion’s existing revolving credit terms, imposing leverage and interest coverage tests and customary restrictions on additional debt, liens and M&A activity, while replacing in full the tranche A commitment under a previously arranged $4.225 billion bridge facility and leaving the tranche B bridge commitment outstanding.
The most recent analyst rating on (INGR) stock is a Hold
with a $113.00 price target.
To see the full list of analyst forecasts on Ingredion stock,
see the INGR Stock Forecast page.
Spark’s Take on INGR Stock
According to Spark, TipRanks’ AI Analyst, INGR is a Neutral.
The score is driven primarily by solid underlying profitability and an improved leverage profile, supported by an attractive valuation (low P/E and a ~3.18% dividend). Offsetting these positives are weaker technical trend signals and a more cautious near-term outlook from the latest earnings guidance, with additional execution and leverage risk from the proposed Tate & Lyle deal.
To see Spark’s full report on INGR stock,
click here.
More about Ingredion
Ingredion Incorporated is a global ingredients solutions provider that serves the food, beverage, paper, brewing and other industrial markets with starches, sweeteners and specialty ingredients. The company focuses on value-added, plant-based ingredient systems used by consumer packaged goods and industrial customers worldwide, positioning it as a key supplier in the broader food and industrial ingredients sector.
Average Trading Volume: 819,813
Technical Sentiment Signal: Hold
Current Market Cap: $6.18B
See more insights into INGR stock on TipRanks’ Stock Analysis page.
