Sensient Technologies Corporation (SXT) Poised for $105M Capital Boost

Sensient Technologies Corporation (NYSE:SXT) is one of the best chemical stocks to buy, according to billionaires. On July 1, the company confirmed it had amended its trade receivables securitization program.

Sensient Technologies Corporation (SXT) Poised for $105M Capital Boost

With the amendment, the facility’s limit increased to $105 million from $85 million, with termination slated for August 31, 2026. Sensient Technologies Corporation entered into a new agreement with Sensient Receivables LLC and Wells Fargo Bank, National Association

Under the terms of the agreement, Sensient Receivables will act as the seller, Sensient Technologies serves as the initial servicer and performance guarantor, and Wells Fargo is the purchaser.

Sensient Technologies Corporation (NYSE:SXT) is a manufacturer and marketer of colors, flavors, and other specialty ingredients. Its solutions are used in the food and beverage, pharmaceutical, nutraceutical, and personal care industries.

While we acknowledge the potential of Sensient Technologies Corporation (NYSE:SXT) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SXT and that has 100x upside potential, check out our report about the cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.