secwatch.observer — SEC 8-K summary
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Issuer:     SENSIENT TECHNOLOGIES CORP (SXT)
CIK:        0000310142
Form:       8-K
Filed at:   2022-11-08T23:59:59+00:00
Accession:  0001140361-22-040533
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sensient enters €75M unsecured term loan facility; refinances €66.9M Series F notes
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- €75,000,000 unsecured term loan due Nov 7, 2024; borrowed same day to repay €66,856,837 Series F notes due Nov 6, 2022 and revolver balance.
- Interest rate: EURIBOR plus margin of 1.250% (Pricing Level III); adjusted quarterly based on Leverage Ratio.
- Financial covenants: max Leverage Ratio 3.50x (4.00x after qualified acquisitions); min Interest Coverage Ratio 3.00x.
- Loan agreement includes customary events of default and prepayment without penalty, pro rata among lenders.
- Administrative agent: PNC Bank; lead arranger: PNC Capital Markets LLC.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/310142/000114036122040533/0001140361-22-040533-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/310142/000114036122040533/brhc10043790_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-22-040533

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