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Sensient Announces New $450 Million Credit Facility

Will be used to refinance current bank debt and for general corporate purposes

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

Sensient Technologies announced that it has completed a new $450 million revolving credit facility, with nine banks participating in the transaction. The facility, comprised of a five year, $350 million revolver and a $100 million term loan, will be used to refinance current bank debt and for general corporate purposes.
 
“This facility provides Sensient with access to ample liquidity for the next five years,” said Paul Manning, president and CEO of Sensient Technologies Corporation. “The transaction was significantly oversubscribed and we are very pleased with the support from our bank group.”

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