Material Agreement, Financial Obligation (Form 8-K)

On June 18, 2026, Sensient Technologies Corporation ("Sensient" or the "Company") entered into a Credit Agreement (the "Credit Agreement"), by and among the Company, certain subsidiaries of the Company from time to time party thereto as borrowers, CoBank, ACB, as administrative agent (in such capacity, the "Administrative Agent"), and the lenders party thereto from time to time. The Credit Agreement provides for an unsecured delayed-draw term loan credit facility (the "Term Loan") in the aggregate principal amount of up to $400 million, which is to be drawn in up to five advances over fifteen months following the closing date. All amounts owing under the Term Loan will be due five years from the closing date. Proceeds from the Credit Agreement will be used to refinance existing indebtedness and for working capital and other general corporate purposes.

Borrowings outstanding under the Term Loan bear interest, at the Company's option, as follows: (i) the then-applicable Base Rate, plus 0.625%-1.000% depending on the Company's current Net Leverage Ratio (as defined below), (ii) the then-applicable Daily Simple SOFR Rate, plus 1.625%-2.000% depending on the Company's current Net Leverage Ratio, and (iii) the then-applicable Term SOFR Rate, plus 1.625%-2.000% depending on the Company's current Net Leverage Ratio. The borrowings are also subject to an unused commitment fee of 0.125%-0.250% for the first year of the Term Loan and from 0.175%-0.300% following the first year, in each case depending on the Company's current Net Leverage Ratio.

The Credit Agreement requires Sensient to generally maintain (i) a ratio of consolidated total funded net debt to consolidated EBITDA ("Net Leverage Ratio") of not more than 3.50 to 1.00, and (ii) an interest coverage ratio of not less than 3.00 to 1.00. The Credit Agreement also includes other covenants that are customary in transactions of this type.

The Credit Agreement includes various customary events of default. If an event of default occurs, the Administrative Agent will be entitled to take various actions, including the acceleration of amounts due under the Credit Agreement and the termination of the Term Loan.

The Company may, at its option, prepay the Term Loan in whole or in part, without penalty or premium, in an amount not less than $1,000,000 or an integral multiple of $500,000, together with interest accrued thereon to the date of the prepayment if the Term Loan is prepaid in full.

The Administrative Agent is also a lender under the Company's Fourth Amended and Restated Credit Agreement, dated as of June 13, 2025.

The foregoing summary does not purport to be complete and is qualified in its entirety by reference to the Credit Agreement, which is filed with this Current Report on Form 8-K as Exhibit 10.1 and is incorporated herein by reference.

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.