Short answer
SENSIENT TECHNOLOGIES CORP (SXT) filed an 8-K current report with the SEC on June 23, 2026 reporting Item 1.01 (Entry into a Material Definitive Agreement). $400M unsecured delayed-draw term facility, available through five advances over 15 months.
SENSIENT TECHNOLOGIES CORP 8-K event analysis
AI summary of each reported item and its exhibits
Item 1.01 · Entry into a Material Definitive Agreement
- $400M unsecured delayed-draw term facility, available through five advances over 15 months
- Five-year maturity, supporting debt refinancing, working capital, and general corporate purposes
- SOFR-based borrowing spread 1.625%-2.000%, varying with Net Leverage Ratio
- Net leverage covenant capped at 3.50x and interest coverage required at least 3.00x
- Unused commitment fees up to 0.300%, increasing after the first year
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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