ICD Group Holdings LLC, a family owned business founded in the 1950s, has evolved over more than 70 years into a global leader across multiple specialized sectors, including specialty metal recycling, food ingredients, plastics, and fuels. Its diversified portfolio and sustained growth have positioned ICD as a key supplier of essential inputs for industries ranging from aerospace, defense, and space exploration to medical devices, pigments, chemicals, food ingredients, and plastics.
Rabobank’s Role in ICD’s Growth
Rabobank’s partnership with ICD began as a participant in the company’s credit facility, gradually developing into a relationship grounded in trust and shared strategic vision. In 2024, when ICD sought to refinance, it appointed Rabobank as lead arranger, marking a significant milestone in the company’s progression toward a fully syndicated facility. This transition brought together seven banking partners and aligned ICD’s capital structure with its expanding operational footprint.
In 2025, Rabobank successfully closed an oversubscribed $280 million senior secured credit facility with a $50 million accordion feature for ICD. This facility builds upon the syndicated structure introduced in 2024, which consolidated the financing of ICD’s four business units; Metals, Chemicals, Plastics, and Energy into a single, streamlined borrowing base. The 2025 refinancing also welcomed the addition of Société Générale, a distinguished global commodities bank. Charlie Badurski, Chief Financial Officer of ICD, commented: “We are grateful for the continued support of our entire banking group and for Rabobank’s leadership in this transaction. We are equally honored to welcome Société Générale as a trusted partner in our financing structure.”
Supporting Future Growth
The expanded facility, led by Rabobank and involving eight lenders, is designed to support ICD’s working capital requirements while enabling continued growth and strategic initiatives. Daniel Salvador, Senior Relationship Manager at Rabobank, noted: “ICD demonstrates a rare combination of innovation and ambition, while maintaining its stability and operational excellence across multiple industries. We are proud to support their future growth by leading this syndication.”
Sasha Leviant, CEO of ICD, added: “This facility positions ICD to accelerate innovation, expand our global operations, and continue delivering essential solutions to our customers. Our partnership with Rabobank and our syndicate of lenders reflects the confidence the financial community has in ICD’s long term vision and capabilities.”