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.

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 SXT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 12 Best Consumer Goods Stocks Billionaires Are Quietly Buying and Goldman Sachs Penny Stocks: Top 12 Stock Picks.

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