Sensient Technologies Corporation Announces Private Placement Debt Transaction

2009-11-19 21:16:02 -

Sensient Technologies Corporation (NYSE: SXT) announced today 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.

Kenneth P. Manning, Chairman

and Chief Executive Officer of Sensient Technologies Corporation, said, “We are very pleased with the interest from investors and think it says a great deal about the strength of the Company. The coupon is under 5% and subscriptions were 2 ½ times the original offering amount. Despite volatile financial markets over the past several years, Sensient has consistently demonstrated an ability to raise capital at favorable terms.”


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 chemicals. The company’s customers include major international manufacturers representing some of the world’s best-known brands. Sensient is headquartered in Milwaukee, Wisconsin.

www.sensient-tech.com : cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww ..



Sensient Technologies CorporationDick Hobbs(414) 347-3836