Financing ·
Sensient Technologies Corporation amended its trade receivables securitization program by adding PNC Bank as a…
SXTSensient Technologies Corp
Sensient Technologies Corporation amended its trade receivables securitization program by adding PNC Bank as a purchaser and administrative agent alongside existing partner Wells Fargo. The amendment increases the facility limit from $105 million to $115 million and extends the termination date to August 30, 2027. This financing arrangement allows the company to monetize trade receivables through Sensient Receivables LLC. Sensient Technologies Corporation operates in the food and beverage industry, providing flavors, colors, cultures, and functional ingredients.