{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-26-026107","form_type":"8-K","ticker":"IFF","cik":"0000051253","company_name":"INTERNATIONAL FLAVORS & FRAGRANCES INC","filed_at":"2026-06-23T20:39:50+00:00","discovered_at":"2026-06-23T20:41:00.579182+00:00","generated_at":"2026-06-23T20:41:10.762817+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"IFF enters $1B term loan to refinance €800M 1.800% Senior Notes due 2026","bullets":["Delayed draw term loan of $1.0B, available through Sept 25, 2026, matures Dec 31, 2027; proceeds to refinance €800M 1.800% Senior Notes due Sept 2026.","Interest at Term SOFR + 0.875%-1.500% (or base rate + 0.000%-0.500%) based on public debt ratings; no commitment fee.","Mandatory prepayment required from Food Ingredients Business Sale ($3.8B expected net proceeds, closing by end of Q2 2027).","Financial covenant: max net debt to consolidated EBITDA ratio of 3.75:1.00.","Facility is unsecured and substantially similar to existing $2B revolver covenants."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-26-026107","json":"https://secwatch.observer/filing/0001140361-26-026107.json","markdown":"https://secwatch.observer/filing/0001140361-26-026107.md","text":"https://secwatch.observer/filing/0001140361-26-026107.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/51253/000114036126026107/0001140361-26-026107-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/51253/000114036126026107/ef20076605_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-23T20:41:10.762817+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}