Sensata Technologies to sell $450 million of senior notes due 2030

By Cristal Cody

Tupelo, Miss., Sept. 10 – Sensata Technologies Holding plc plans to price $450 million of senior notes due February 2030 (Ba3/BB+) in a Rule 144A and Regulation S offering on Tuesday, according to a market source and a news release.

Goldman Sachs & Co. LLC is the left bookrunner. Joint bookrunners are Barclays, BofA Securities, Inc., Mizuho Securities USA LLC, Morgan Stanley & Co. LLC and RBC Capital Markets LLC.

The notes will be guaranteed by indirect parent company Sensata Technologies BV and each of the parent’s wholly owned subsidiaries that are expected to be a guarantor under its senior credit facilities and outstanding series of existing notes.

Proceeds will be used to repay a portion of the company’s outstanding term loan under its senior credit facilities.

Sensata Technologies Holding is a supplier of electronical protection, control and power management solutions for the automotive, appliance, aircraft, industrial, military, heating, ventilation and air conditioning, telecommunications and other industries.

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