secwatch.observer — SEC 8-K summary
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Issuer:     SENSIENT TECHNOLOGIES CORP (SXT)
CIK:        0000310142
Form:       8-K
Filed at:   2026-06-23T21:00:51+00:00
Accession:  0001140361-26-026110
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/310142/000114036126026110/0001140361-26-026110-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/310142/000114036126026110/ef20076497_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-26-026110

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