Lamb Weston Debt Covenants Analysis – Americas Covenants

After amending both of their credit agreements in August 2021, the Lamb Weston debt covenants have become increasingly more complex. The global producer, distributor and marketer of value-added frozen potato products ended their fiscal year with a 10.5% decrease in their adjusted EBITDA, plus the amendments to their credit agreement increased the revolver from $750 million to $1 billion extending its maturity. Our Americas Covenants experts provided a deep dive analysis into the amendments to the company’s credit agreements as well as how these amendments impact the Lamb Weston debt covenants, financial covenants, collateral and guarantee suspension period, secured debt capacity, restricted payments and investments, senior note purchases and more.

Click through for our expert analysis, covenant conclusions and full capital structure on the Lamb Weston debt covenants: https://reorg.com/new-coverage-lamb-westons-amended-credit-agreements-permit-significant-amounts-of-additional-secured-debt-plus-unlimited-restricted-payments-and-investments/