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Financing will total approximately $125 million
April 8, 2013
By: DAVID SAVASTANO
Contributing Editor, Coatings World and Ink World
Sensient Technologies Corporation announced that it has entered into an agreement with investors for the issuance of $75 million and €38 million in ten year, fixed-rate, senior notes. The debt will mature in November 2023. Proceeds from the offering will be used to repay maturing notes and bank debt. “This transaction allows the company to continue to strengthen its capital structure, and do so at very attractive rates,” said Kenneth P. Manning, chairman and CEO of Sensient Technologies. “We think this is a good time to issue long-term debt.”
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