Sensata Technologies subsidiary announces private offering of $500M senior notes

Aug. 15, 2022 7:58 AM ETSensata Technologies Holding plc (ST)By: Preeti Singh, SA News Editor
  • Sensata Technologies B.V., an indirect wholly-owned subsidiary of Sensata Technologies (NYSE:ST), plans to offer $500M of senior notes in a private offering.
  • The notes will be guaranteed on a senior unsecured basis by each of the Sensata Technologies B.V.'s wholly-owned subsidiaries that is a borrower or a guarantor under Sensata's senior credit facilities and an issuer or a guarantor under Sensata's outstanding series of existing notes.
  • Net proceeds from the offering will be used for the redemption of 4.875% senior notes due 2023.

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