Sensient Technologies signs $400 million unsecured delayed-draw term loan with CoBank
Sensient Technologies entered a Credit Agreement on June 18, 2026, providing an unsecured delayed-draw term loan of up to $400 million, drawable in up to five advances over fifteen months. Proceeds will refinance existing debt and fund working capital and general corporate purposes. The filing also sets covenants requiring a net leverage ratio of no more than 3.50 to 1.00 and an interest coverage ratio of at least 3.00 to 1.00.
Key points
- Facility: unsecured delayed-draw term loan of up to $400 million, drawn in up to five advances over fifteen months after closing
- Maturity: all amounts due five years from the closing date
- Pricing: Term SOFR or Daily Simple SOFR plus 1.625%-2.000%, or Base Rate plus 0.625%-1.000%, depending on Net Leverage Ratio
- Covenants: net leverage ratio of no more than 3.50 to 1.00 and interest coverage ratio of at least 3.00 to 1.00; CoBank, ACB is administrative agent
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:05 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 23, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.