Entry into a Material Definitive Agreement · Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement
Item 1.01 Entry into a Material Definitive Agreement. On August 31, 2026, Sensient Receivables LLC (“Sensient Receivables”), Sensient Technologies Corporation (the “Company”), Wells Fargo Bank, National Association, as a purchaser, PNC Bank, National Association (“PNC”), as a purchaser and the administrative agent, and PNC Capital Markets LLC, as the structuring agent, entered into an Omnibus Amendment No.…
Sensient Technologies Corporation is a leading global manufacturer and marketer of colors, flavors, and other specialty ingredients. Sensient uses advanced technologies and robust global supply chain capabilities to develop specialized solutions for food and beverages, as well as products that serve the pharmaceutical, nutraceutical, and personal care industries. Sensient’s customers range in size from small entrepreneurial businesses to major international manufacturers representing some of the world’s best-known brands. Sensient is headquartered in Milwaukee, Wisconsin.
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Item 1.01Item 1.01 - Entry into Material Agreement
Item 1.01
Entry into a Material Definitive Agreement.
On August 31, 2026, Sensient Receivables LLC (“Sensient Receivables”), Sensient Technologies Corporation (the “Company”), Wells Fargo Bank, National Association, as a purchaser, PNC Bank, National Association (“PNC”), as a purchaser and the administrative agent, and PNC Capital Markets LLC, as the structuring agent, entered into an Omnibus Amendment No. 1 to Receivables Purchase Agreement and Performance Undertaking (the “Amendment”), which amends and restates in their entirety (i) that certain Receivables Purchase Agreement, dated as of October 3, 2016, among Sensient Receivables, as the seller, the Company, as the initial servicer, and Wells Fargo Bank, National Association, as the initial purchaser, and (ii) that certain Performance Undertaking, dated as of October 3, 2016, executed by the Company. The Receivables Purchase Agreement and the Performance Undertaking, in each case as amended and restated, together with a Receivables Sale Agreement, establish the terms and conditions of a trade receivables securitization program (the “Receivables Securitization Program”).
The Amendment amends the Receivables Securitization Program to, among other things, (a) add PNC as a purchaser and the administrative agent under the Receivables Securitization Program, (b) increase the facility limit amount from $105 million to $115 million, and (c) extend the termination date of the Receivables Securitization Program to August 30, 2027, in each case pursuant to the terms of the Amendment.
The foregoing summary does not purport to be complete and is qualified in its entirety by reference to the Amendment, which is filed with this Current Report on Form 8-K as Exhibit 10.1 and is incorporated herein by reference.
Item 2.03Item 2.03 - Creation of Direct Financial Obligation
Item 2.03
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The information set forth in Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.03.