Cloud 9fin — Syndication Nation — Will protein-maxxing keep Chobani king?

Over the last decade, household name and beloved yogurt brand Chobani has evolved from a capacity-constrained yogurt producer into a credit market darling.

But tighter debt pricing is now prompting some of its longtime lenders to walk way even as they praise the business for its success.

In this episode of Cloud 9fin’s Syndication Nation, US LevFin reporter David Westenhaver unpacks the interesting backstory behind Chobani with deputy LevFin editor Sasha Padbidri, including its history in the credit market and the impact of the protein-maxxing trend on the business.

Since recording this podcast, the company has issued an additional $600m in debt to finance the purchase of a Pennsylvania production facility with an expected $1.2bn price tag.

Have any feedback for us? Send us a note at podcast@9fin.com. Thanks for listening!