debt
confidence high
sentiment neutral
materiality 0.60
Sensata Technologies subsidiary prices $500M of 6.625% senior notes due 2032 at par
Sensata Technologies Holding plc
- $500M aggregate principal of senior notes due 2032 priced at par with 6.625% coupon.
- Closing expected June 6, 2024; net proceeds plus cash to redeem STBV's 5.000% notes due Oct 2025.
- Notes are senior unsecured, guaranteed by Sensata Technologies B.V. and certain subsidiaries.
- Offered to QIBs via Rule 144A and to non-U.S. persons via Regulation S; unregistered.