SENSIENT TECHNOLOGIES CORP (SXT): debt financing — Sensient enters $400M credit facility, extends maturity to 2030

SENSIENT TECHNOLOGIES CORP

Revolving credit facility increased from $350M to $400M; incremental commitment raised to $150M.
Maturity extended from May 2026 to June 2030 under Fourth Amended and Restated Credit Agreement.
Interest rates: SOFR/EURIBOR/SONIA + 1.00%-1.50% spread based on Net Leverage Ratio.
Covenants: max Net Leverage Ratio 3.50x, min interest coverage 3.00x; customary events of default.
Second amendment extends certain loan agreement maturity to June 30, 2027.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

SENSIENT TECHNOLOGIES CORP amended loan with PNC Bank, National Association at EURIBOR plus 1.125% maturing June 30, 2027.

Instrument: loan
Counterparty: PNC Bank, National Association
Rate: EURIBOR plus 1.125%
Maturity: June 30, 2027
Event: amendment

Exact text from the filing

to, among other things, extend the maturity date of the Loan Agreement to June 30, 2027

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

SENSIENT TECHNOLOGIES CORP incurred revolving credit of $400 million with PNC Bank, National Association, as Administrative Agent at SOFR plus 1.00-1.50% maturing June 2030.

Instrument: revolving credit
Principal: $400 million
Counterparty: PNC Bank, National Association, as Administrative Agent
Rate: SOFR plus 1.00-1.50%
Maturity: June 2030
Event: incurrence

Exact text from the filing

ING Bank N.V., Dublin Branch and Wells Fargo Bank, National Association, as Co-Documentation Agents, and the other lenders party thereto. The Credit Agreement provides for a $400 million senior unsecured revolving credit facility, with up to $20 million of the facility being available as a subfacility for standby and commercial letters of credit and sub-limits

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SENSIENT TECHNOLOGIES CORP filing history →

Source: SEC EDGAR

accession 0001140361-25-022985

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