Sensient enters $400M unsecured delayed-draw term loan facility to refinance debt

SENSIENT TECHNOLOGIES CORP

Credit Agreement with CoBank as admin agent provides up to $400M in term loan advances.
Loan may be drawn in up to five advances over 15 months; final maturity five years from June 18, 2026.
Proceeds to refinance existing indebtedness and for working capital and general corporate purposes.
Covenants require max net leverage ratio of 3.50:1 and min interest coverage ratio of 3.00:1.
Interest rates based on Base Rate or SOFR plus margins ranging from 0.625%-2.000% depending on leverage.

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