---
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"
generated_at: "2026-06-23T20:41:10.762817+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# IFF enters $1B term loan to refinance €800M 1.800% Senior Notes due 2026

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-26-026107
- JSON: https://secwatch.observer/filing/0001140361-26-026107.json
- Plain text: https://secwatch.observer/filing/0001140361-26-026107.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.