On June 13, 2025, Sensient Technologies Corporation announced the entry into a Fourth Amended and Restated Credit Agreement, enhancing its financial flexibility. The new agreement involves a collaboration with PNC Bank, National Association as Administrative Agent, alongside ING Bank N.V., Dublin Branch, Wells Fargo Bank, National Association, and other lenders. This agreement establishes a $400 million senior unsecured revolving credit facility, accommodating funds in multiple currencies including U.S. dollars, Euros, and English pounds. Key amendments include an increase in the revolving commitment from $350 million to $400 million, extension of the maturity from May 2026 to June 2030, and increased incremental revolving commitment from $100 million to $150 million. The Credit Agreement also mandates Sensient to maintain specific financial ratios, ensuring robust fiscal management. This move is set to refinance existing debts and support the company's general corporate needs.
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