Sensata to price $500 million eight-year notes in Monday drive-by

By Paul A. Harris

Portland, Ore., March 15 – Sensata Technologies BV plans to price a $500 million offering of eight-year senior notes (existing ratings Ba3/BB+) in a Monday drive-by following a morning conference call with investors, according to a syndicate source.

Goldman Sachs is the left bookrunner. Barclays, BofA, Mizuho, Morgan Stanley and RBC are the joint bookrunners.

The Rule 144A and Regulation S for life notes become callable after three years at par plus 50% of the coupon.

The Swindon, U.K.-based supplier of sensors and related products plans to use the proceeds for general corporate purposes, which may include working capital, capital expenditures, acquisitions, strategic investments, debt repayment and share repurchases.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.