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Will be used to refinance current bank debt and for general corporate purposes
October 24, 2014
By: DAVID SAVASTANO
Editor, 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 tran...
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