Actionable news
0
All posts from Actionable news
Actionable news in ST: SENSATA TECHNOLOGIES HOLDING N.V.,

Sensata Technologies Holding: Press Release Senior Notes Offering Exhibit Contact: Investors News Media Jacob Sayer Linda Megathlin

The following excerpt is from the company's SEC filing.

(508) 236-3800

(508) 236-1761

investors@sensata.com

lmegathlin@sensata.com

Sensata Technologies Holding N.V. Announces Offering of $750 Million of Senior Notes

ALMELO, Netherlands, Nov. 12, 2015 -- Sensata Technologies Holding N.V. (NYSE: ST) ("Sensata") today announced that its newly formed indirect wholly-owned subsidiary, Sensata Technologies UK Financing Co. plc (the "Issuer"), intends to offer, subject to market and other customary conditions, $750 million in aggregate principal amount of senior notes due 2026 (the "Notes") in a private offering that is exempt from registra tion under the Securities Act of 1933, as amended (the "Securities Act").

The Notes will be guaranteed on a senior unsecured basis by Sensata Technologies B.V., the Issuer’s direct parent (“STBV”), and by STBV’s existing and future wholly-owned subsidiaries (other than the Issuer) that guarantee the obligations of STBV under its senior secured credit facilities and outstanding series of existing notes. The Notes and the guarantees will be the Issuer's and the guarantors' senior unsecured obligations and will rank equally in right of payment to all existing and future senior indebtedness of the Issuer or the guarantors, respectively, including STBV’s senior secured credit facilities and outstanding series of existing notes. The Notes and the guarantees will be senior to all of the Issuer's and the guarantors' future indebtedness that is expressly subordinated to the Notes and the guarantees. The Notes and the guarantees will be effectively junior to the Issuer's and the guarantors' existing and future secured indebtedness to the extent of the value of the assets securing such indebtedness, including indebtedness under STBV’s senior secured credit facilities, and will be structurally subordinated to all of the existing and future obligations of any of...


More