secwatch.observer — SEC 8-K summary
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Issuer:     Sensata Technologies Holding plc (ST)
CIK:        0001477294
Form:       8-K
Filed at:   2024-06-06T23:59:59+00:00
Accession:  0001477294-24-000098
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 3.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sensata issues $500M 6.625% notes due 2032, to redeem $700M 5.000% notes due 2025
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- Issued $500M aggregate principal of 6.625% senior notes due July 15, 2032; interest payable Jan 15 and Jul 15 starting Jan 15, 2025.
- Net proceeds plus cash on hand will redeem all $700M of 5.000% senior notes due 2025; redemption expected July 15, 2024 at 100% plus Applicable Premium and accrued interest.
- Notes are senior unsecured obligations guaranteed by STBV and certain subsidiaries; rank equally with existing senior debt.
- Optional redemption: before July 15, 2027 at make-whole premium; thereafter at declining premiums (103.313% in 2027, 101.656% in 2028, 100% from 2029).
- Change of control triggers repurchase at 101% of principal plus accrued interest.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1477294/000147729424000098/0001477294-24-000098-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1477294/000147729424000098/st-20240606.htm
  HTML page:      https://secwatch.observer/filing/0001477294-24-000098

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