Company: SXT
Filing Date: 2025-06-18
Form Type: 8-K
Source: 0001140361-25-022985
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Company: SENSIENT TECHNOLOGIES CORP
Filing Date: 2025-06-18
Form: 8-K
Item: Item 1.01
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Item 1.01      Entry into a Material Definitive Agreement.  

On June 13, 2025, Sensient Technologies Corporation (“ Sensient” or the “ Company”) entered into a Fourth Amended and Restated Credit Agreement dated as of June 13, 2025
(the “ Credit Agreement”), by and among the Company and certain subsidiaries of the Company as borrowers, PNC Bank, National Association, as Administrative Agent, ING Bank N. V., Dublin Branch and Wells Fargo Bank, National Association, as
Co-Documentation Agents, and the other lenders party thereto. The Credit Agreement provides for a $400 million senior unsecured revolving credit facility, with up to $20 million of the facility being available as a subfacility for standby and
commercial letters of credit and sub-limits of up to $50 million on swing line loans. Funds are available in U. S. dollars, Euros, English pounds, and other major currencies. Proceeds from the facility will be used to refinance existing indebtedness
of the Company and its subsidiaries and for working capital and other general corporate purpose needs of the Company.

The Credit Agreement amends and restates the Company’s Third Amended and Restated Credit Agreement, dated as of May 5, 2021, as amended by a First Amendment dated as
of December 14, 2022, to, among other things, (i) increase the aggregate revolving commitment amount from $350 million to $400 million, (ii) increase the incremental revolving commitment from $100 million to $150 million, (iii) extend the maturity
of Sensient’s revolving credit facility from May 2026 to June 2030, and (iv) modify certain other provisions of the Credit Agreement as set forth therein.

Borrowings under the Credit Agreement bear interest at (i) the Secured Overnight Financing Rate, plus 1.00-1.50% depending on the Company’s current Net Leverage Ratio
(as defined below), for borrowings denominated in U. S. dollars, (ii) the Euro Interbank Offered Rate (“ EURIBOR”), plus 1.00%-1.50% depending on the Company’s current Net Leverage Ratio, for borrowings denominated in Euros, and (iii) the Sterling
Overnight Index Average, plus 1.00%-1.50% depending on the Company’s current Net Leverage Ratio, for borrowings denominated in Sterling.

The Credit Agreement requires Sensient to