Sensata Technologies to Offer $500M Senior Notes

Sensata Technologies Holding PLC (NYSE: ST) has announced that its indirect wholly owned subsidiary, Sensata Technologies, Inc., intends to offer $500 million in aggregate principal amount of senior notes in a private offering. The notes will be guaranteed on a senior unsecured basis by Sensata Technologies B.V. and each of its wholly-owned subsidiaries, excluding the issuer.

The net proceeds from the offering of the notes, together with cash on hand, will be used for the redemption of Sensata Technologies B.V.'s 5.000% senior notes due October 1, 2025, which Sensata expects to effect in July 2024. The notes and the related guarantees will be offered only to qualified institutional buyers and non-U.S. persons outside the United States.

Sensata Technologies is a global industrial technology company with more than 21,000 employees and global operations in 16 countries. The company serves customers in the automotive, heavy vehicle & off-road, industrial, and aerospace markets.

In the financial aspect, it's important to note that this press release does not provide specific metrics or comparisons from the previous period. I would need more detailed financial information to accurately report on the changes in various metrics since the last period. Following these announcements, the company's shares moved -0.3%, and are now trading at a price of $41.89. For the full picture, make sure to review Sensata Technologies's 8-K report.

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