Sensient amends credit agreement to replace LIBOR with SOFR and add GBP as available currency

SENSIENT TECHNOLOGIES CORP

First Amendment to Third Amended and Restated Credit Agreement dated Dec 14, 2022.
Transition from LIBOR to SOFR as benchmark rate for USD borrowings.
Adds English pounds as an available currency for borrowings.
Amendment with Wells Fargo as administrative agent and multiple lenders.
No change to the $350M aggregate revolving commitment amount.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

SENSIENT TECHNOLOGIES CORP amended First Amendment to Third Amended and Restated Credit Agreement with Wells Fargo Bank, National Association, as administrative agent, issuing bank, and swing line lender, and the lenders party thereto (effective 2022-12-14).

Action: amendment
Agreement: credit facility
Counterparty: Wells Fargo Bank, National Association, as administrative agent, issuing bank, and swing line lender, and the lenders party thereto
Effective: 2022-12-14

Exact text from the filing

On December 14, 2022, Sensient Technologies Corporation (the “Company”), Wells Fargo Bank, National Association, as administrative agent, issuing bank, and swing line lender (“Wells Fargo”), and the lenders party thereto (the “Lenders”) entered into that certain First Amendment to Third Amended and Restated Credit Agreement (the “First Amendment”).

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Source: SEC EDGAR

accession 0001140361-22-046392

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