INTERNATIONAL FLAVORS & FRAGRANCES INC (IFF) Form 8-K — Jun 23, 2026
International Flavors & Fragrances Inc. entered into a $1 billion senior unsecured delayed draw term loan facility with Wells Fargo Bank, National Association. The loan proceeds will be used, together with cash on hand, to refinance the company's €800 million aggregate principal amount of 1.800% Senior Notes due September 25, 2026. The facility matures on December 31, 2027, and provides a single borrowing available through September 25, 2026.
Key figures
- Debt Amount
- $1,000,000,000
- Interest Rate
- Term SOFR + 0.875% to 1.500% or Base Rate + 0.000% to 0.500%
- Maturity Date
- December 31, 2027
- Max Leverage Ratio
- 3.75 to 1.00
- Refinanced Notes Amount
- €800 million
- Mandatory Prepayment Source
- Food Ingredients Business Sale
- Projected Divestiture Proceeds
- $3.8 billion
Price after filing
1 day: +1.5%7 days: +6.0%30 days: +3.3%
Close on the filing date to close N calendar days later (from $74.71). Historical, not a forecast.
AI analysis
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