debt
confidence high
sentiment neutral
materiality 0.25
Sensient amends receivables securitization, raising default ratio limit to 7.0%
SENSIENT TECHNOLOGIES CORP
- Amendment No. 8 to Receivables Purchase Agreement with Wells Fargo raises the three-month average Default Ratio limit to 7.0%.
- The amendment applies to Sensient's trade receivables securitization program.
- No other changes to the purchase agreement or performance undertaking were made.
- The amendment became effective February 28, 2022.