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Sensient Technologies Announces Private Placement Debt Transaction

Financing will total $110 million

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Sensient Technologies Corporation announced that it has entered into an agreement with a group of financial institutions for the issuance of $110 million in fixed-rate, senior notes. The dollar-denominated debt will have a six-year average life with a final maturity in May 2017. Proceeds from the offering will be used to repay outstanding debt. “We are very pleased with the interest from investors and think it says a great deal about the strength of the company,” Kenneth P. Manning, chairman ...

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