International Flavors & Fragrances amended its credit agreement with Citibank as administrative agent to, among other things, modify the available tranches of the revolving loan facility provided under the credit agreement, extend the maturity date of the facility until December 2, 2021 and increase the company’s required ratio of net debt to consolidated EBITDA under the facility from 3.25 to 1.0 to 3.50 to 1.0.

Tranche A of the facility is now available to borrowers in U.S. dollars, euros, Swiss francs, Japanese yen and British sterling in an aggregate amount up to an equivalent of approximately $564.1 million, with a sublimit of $25 million for swing line borrowings.

Tranche B of the facility is now available to borrowers in U.S. dollars, euros, Swiss francs, Japanese yen and British sterling in an aggregate amount up to an equivalent of approximately $385.9 million, with sublimits of €50 million and $25 million for swing line borrowings.

The amendments were made pursuant to the credit agreement, dated as of November 9, 2011 and amended and restated as of December 2, 2016, among the company, certain of its subsidiaries, the banks, financial institutions and other institutional lenders party thereto, and Citibank as administrative agent.