SWINDON, England, August 15, 2022--Sensata Technologies Holding plc (NYSE: ST) ("Sensata Technologies") today announced that its indirect wholly owned subsidiary Sensata Technologies B.V. (the "Issuer") priced $500 million in aggregate principal amount of 5.875% senior notes due 2030 (the "Notes") in a private offering that is exempt from registration under the Securities Act of 1933, as amended (the "Securities Act"). The Notes were priced at par. The closing of the offering is expected to occu
Rating Action: Moody's assigns Ba3 to Sensata Technologies B.V.'s new $500 million sr unsec notesGlobal Credit Research - 15 Aug 2022New York, August 15, 2022 -- Moody's Investors Service ("Moody's") assigned a Ba3 rating to Sensata Technologies B.V.'s ("Sensata") planned $500 million senior unsecured notes offering due 2030. All other ratings for Sensata and Sensata Technologies, Inc. ("Technologies") are unchanged at this time including the company's Ba2 corporate family rating (CFR), Ba2-PD probability of default rating, Baa3 senior secured, and Ba3 senior unsecured debt rating. The company's speculative grade liquidity rating of SGL-1 is also unchanged.This new debt at Sensata will be guaranteed similar to the other debt of Sensata and Technologies.
SWINDON, England, August 15, 2022--Sensata Technologies Holding plc (NYSE: ST) ("Sensata Technologies") today announced that its indirect wholly owned subsidiary Sensata Technologies B.V. (the "Issuer") intends to offer, subject to market and other customary conditions, $500 million in aggregate principal amount of senior notes (the "Notes") in a private offering that is exempt from registration under the Securities Act of 1933, as amended (the "Securities Act").