Sensient Technologies increases receivables facility to $105 million and extends program
Investing.com
Published Jul 01, 2025 05:10PM ET
Sensient Technologies Corporation (NYSE:SXT), a $4.42 billion market cap company whose stock has surged nearly 40% over the past six months, announced Monday that it has amended its trade receivables securitization program. According to a statement in a recent SEC filing, the amendment increases the facility limit from $85 million to $105 million and extends the program’s termination date to August 31, 2026.
The amendment, dated June 30, 2025, was entered into by Sensient Receivables LLC, Sensient Technologies Corporation, and Wells Fargo Bank, National Association. The receivables purchase agreement, initially established on October 3, 2016, outlines the terms of the company’s trade receivables securitization program. Under the agreement, Sensient Receivables acts as the seller, Sensient Technologies serves as the initial servicer and performance guarantor, and Wells Fargo is the purchaser.
The company stated that the amendment modifies the existing agreement to reflect the higher facility limit and the new termination date. No additional details regarding other terms were disclosed in the filing.
This information is based on a press release statement included in Sensient Technologies Corporation’s Form 8-K filing with the Securities and Exchange Commission.
In other recent news, Sensient Technologies Corporation disclosed its first-quarter earnings for 2025, reporting an earnings per share (EPS) of $0.86, which was slightly below the forecast of $0.87. The company's revenue reached $392.3 million, missing the expected $398.37 million. Despite these minor shortfalls, Sensient Technologies experienced a 6% rise in its stock, suggesting investor confidence in its strategic direction and product innovations, particularly in natural colors. The company showcased a strong local currency revenue growth of 4% and a 10% increase in adjusted EBITDA, highlighting its solid market position. Sensient Technologies has decided to defer its stock buyback program to concentrate on enhancing its natural color capabilities. The company projects mid-single-digit annual local currency revenue growth and plans to increase capital expenditures to support this focus. Analysts have noted that the conversion from synthetic to natural colors presents a significant revenue opportunity for Sensient Technologies. Additionally, the company is navigating potential tariff impacts on raw materials and finished goods, which it plans to mitigate through pricing adjustments.
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