Bulletin: Chobani Global Holdings LLC's Capital Investments Will Not Weaken Credit Measures

This report does not constitute a rating action. NEW YORK (S&P Global Ratings) April 23, 2025--S&P Global Ratings today announced Chobani Global Holdings LLC 's (B/Stable/--) previously disclosed $500 million expansion of its Twin Falls manufacturing facility should bolster the company's growth in the yogurt sector by increasing production capacity by 50%. This expansion comes as the company may face future capacity constraints in its existing product offerings. Additionally, yesterday Chobani unveiled $1.2 billion multiyear investment in a new yogurt plant in Rome, N.Y., which will likely further support the company?s growth initiatives. Our 'B' rating on the company and stable outlook remain unchanged. While these projects will result in lower-than-expected cash flow, they signal a robust growth outlook for

...April 23, 2025 This report does not constitute a rating action. NEW YORK (S&P Global Ratings) April 23, 2025--S&P Global Ratings today announced Chobani Global Holdings LLC's (B/Stable/--) previously disclosed $500 million expansion of its Twin Falls manufacturing facility should bolster the company's growth in the yogurt sector by increasing production capacity by 50%. This expansion comes as the company may face future capacity constraints in its existing product offerings. Additionally, yesterday Chobani unveiled $1.2 billion multiyear investment in a new yogurt plant in Rome, N.Y., which will likely further support the company's growth initiatives. Our 'B' rating on the company and stable outlook remain unchanged. While these projects will result in lower-than-expected cash flow, they signal a robust growth outlook for Chobani that supports stable credit measures through investment in the business. Initially, we had anticipated approximately $150 million in capital expenditure (capex)...

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