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Sensient Technologies Corp. has entered into an agreement with investors for the issuance of $75 million and €38 million in 10-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 Manning, chairman and CEO of Sensient Technologies. "We think this is a good time to issue long-term debt."