Sensient Technologies Corporation Announces Private Placement Debt
Financing will total approximately $125 million
MILWAUKEE -- April 8, 2013
Sensient Technologies Corporation (NYSE: SXT) announced today 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.
Kenneth P. Manning, Chairman and Chief Executive Officer of Sensient
Technologies Corporation, said, “This transaction allows the Company to
continue to strengthen its capital structure, and do so at very attractive
rates. We think this is a good time to issue long-term debt.”
Sensient Technologies Corporation is a leading global manufacturer and
marketer of colors, flavors and fragrances. Sensient employs advanced
technologies at facilities around the world to develop specialty food and
beverage systems, cosmetic and pharmaceutical systems, inkjet and specialty
inks and colors, and other specialty and fine chemicals. The Company’s
customers include major international manufacturers representing most of the
world’s best-known brands. Sensient is headquartered in Milwaukee, Wisconsin.
Sensient Technologies Corporation
Dick Hobbs, (414) 347-3706
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