Milwaukee, Oct. 7 - Sensient Technologies Corporation announced today that it has completed a new $85 million term loan agreement with four banks participating in the transaction. Proceeds from the loan will be used to retire Sensient's public debt that matures in 2009.
“We are pleased with the terms of this transaction and the strong response from our banks in difficult market conditions,” said Kenneth P. Manning, Chairman and CEO of Sensient Technologies Corporation. “These financial institutions recognized the value of our consistently superior operating performance and our strong balance sheet.”