SENSIENT TECHNOLOGIES CORPORATION (NYSE:SXT) Files An 8-K Entry into a Material Definitive Agreement

The information set forth under Item 2.03 of this Current Report on Form 8-K is hereby incorporated by reference into this Item 1.01.

On October 2, 2017, Sensient Natural Ingredients LLC, Sensient Colors LLC, and Sensient Flavors LLC, each a wholly-owned subsidiary of Sensient Technologies Corporation, entered into Amendment No 1. to the Receivables Sale Agreement (the “Amendment to the Receivables Sale Agreement”) with Sensient Receivables LLC, a wholly-owned subsidiary of Sensient Colors. On that date, Sensient Receivables and Sensient Technologies also entered into Amendment No. 1 to the Receivables Purchase Agreement and Performance Undertaking (the “Amendment to the Receivables Purchase Agreement and Performance Undertaking” and, together with the Amendment to the Receivables Sale Agreement, the “Amendments”) among Sensient Receivables, as the seller, Sensient Technologies, as the initial servicer and the performance guarantor, and Wells Fargo Bank, National Association (“Wells Fargo”), as the purchaser. Together, the Receivables Sale Agreement, the Receivables Purchase Agreement and the Performance Undertaking, each as amended, establish the terms and conditions of a trade receivables securitization program (the “Receivables Securitization Program”).

The Amendments amend the Receivables Securitization Program to, among other things, (a) add Sensient Flavors as a participant in the Receivables Securitization Program, (b) increase the maximum aggregate amount Wells Fargo purchases under the Receivables Securitization Program for outstanding uncollected Receivables at any time from $40 million to $60 million, and (c) extend the expiration date of the Receivables Securitization Program from October 2, 2017 until October 1, 2018.

The foregoing summary is qualified in its entirety by reference to the Amendments. For a complete description of the terms and conditions of the Amendments, please refer to the Amendment to the Receivables Sale Agreement and the Amendment to the Receivables Purchase Agreement and Performance Undertaking, which are filed with this Current Report on Form 8-K as Exhibits 10.1 and 10.2, respectively, and are incorporated herein by reference.

The following exhibits are furnished with this Current Report on Form 8-K:

SENSIENT TECHNOLOGIES CORP ExhibitEX-10.1 2 ex10_1.htm EXHIBIT 10.1 Exhibit 10.1   AMENDMENT NO. 1  TO RECEIVABLES SALE AGREEMENT   THIS AMENDMENT NO. 1 TO RECEIVABLES SALE AGREEMENT (this “Amendment”) is entered into as of the 2nd day of October,…To view the full exhibit click here
About SENSIENT TECHNOLOGIES CORPORATION (NYSE:SXT)
Sensient Technologies Corporation is a manufacturer and marketer of colors, flavors and fragrances. The Company uses technologies at facilities around the world to develop specialty food and beverage systems, cosmetic and pharmaceutical systems, specialty inks and colors, and other specialty and fine chemicals. The Company’s segments are the Flavors & Fragrances Group and the Color Group, which are managed on a product-and-services basis, and the Asia Pacific Group, which is managed on a geographic basis. The Company’s customers include international manufacturers. The Company’s products include flavors, flavor enhancers and bionutrients; fragrances, aroma chemicals and essential oils; natural ingredients, including dehydrated vegetables and other food ingredients; natural and synthetic food and beverage colors; cosmetic colors and ingredients and pharmaceutical excipients and ingredients, and technical colors, specialty inks and colors, and specialty dyes and pigments.