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May 04, 2015 5:45 AM ET

Electrical Equipment

Company Overview of Sensata Technologies B.V.

Company Overview

Sensata Technologies B.V., an industrial technology company, through its subsidiaries, engages in the development, manufacture, and sale of sensors and controls primarily in the Americas, the Asia Pacific region, and Europe. The company operates in two segments, Sensors and Controls. The Sensors segment offers pressure, force, electromechanical, speed, and position sensor products that are used in subsystems of automobiles and heavy off-road vehicles; and industrial products, such as HVAC systems. Its products improve operating performance and safety of various products, including automobiles’ heating and air-conditioning systems. This segment serves original equipment manufacturers (OEMs) a...

Kolthofsingel 8

Almelo,  7602 EM

Netherlands

Founded in 1931

10,500 Employees

Phone:

31 546 87 95 55

Fax:

31 546 87 05 35

Key Executives for Sensata Technologies B.V.

Chief Executive Officer, President and Executive Director
Age: 57
Chief Operating Officer, Executive Vice President and Director
Age: 47
Senior Vice President of Global Operations
Age: 59
Senior Vice President of Sensors
Age: 56
Senior Vice President of Controls
Age: 50
Compensation as of Fiscal Year 2014.

Sensata Technologies B.V. Key Developments

Sensata Technologies B.V. Completes Series of Financing Transactions of 6.5% Senior Notes Due 2019

On March 26, 2015, Sensata Technologies B.V. (the Issuer) completed a series of financing transactions (the Transactions) including the tender offer (the Tender Offer) of $620.9 million of the Issuer's $700.0 million aggregate principal amount of 6.5% senior notes due 2019 (the 6.5% Senior Notes), the issuance and sale of the Issuer's $700.0 million aggregate principal amount of 5.0% senior notes due 2025 (the Notes), and the entry into the fifth amendment (the Fifth Amendment) to the Issuer's existing senior secured credit facilities, dated as of May 12, 2011. A portion of the net proceeds from the issuance and sale of the Notes were used to purchase the portion of the 6.5% Senior Notes that were validly tendered in the Tender Offer and pay related fees and expenses. The remaining proceeds, along with cash on hand, will be used to discharge the remaining 6.5% Senior Notes that were not purchased in the Tender Offer in accordance with the indenture for the 6.5% Senior Notes. The Fifth Amendment (1) increased the availability on the existing revolving credit facility (the Revolving Credit Facility) by $100.0 million to $350.0 million; (2) extended the maturity date of the Revolving Credit Facility to March 26, 2020; (3) lowered the maximum commitment fee on the unused portion of the Revolving Credit Facility from 0.50% to 0.375%; (4) lowered the index rate spread for Eurodollar Rate loans from 2.500%, 2.375%, or 2.250% (depending on the achievement of certain senior secured net leverage ratios) to 1.75% or 1.50% (depending on the achievement of certain senior secured net leverage ratios); (5) lowered the index rate spread for Base Rate loans from 1.500%, 1.375%, or 1.250% (depending on the achievement of certain senior secured net leverage ratios) to 0.75% or 0.50% (depending on the achievement of certain senior secured net leverage ratios); and (6) lowered the letter of credit fees from 2.500%, 2.375%, or 2.250% (depending on the achievement of certain senior secured net leverage ratios) to 1.625% or 1.375% (depending on the achievement of certain senior secured net leverage ratios).

Sensata Technologies B.V. Announces Pricing of $700 Million of Senior Notes

Sensata Technologies Holding N.V. announced that its indirect, wholly-owned subsidiary, Sensata Technologies B.V., has priced an offering of $700 million in aggregate principal amount of 5.00% senior notes due 2025. The Notes and the related guarantees will be offered only to persons reasonably believed to be 'qualified institutional buyers' in reliance on the exemption from registration pursuant to Rule 144A under the Securities Act of 1933, as amended and to persons outside of the United States in compliance with Regulation S under the Securities Act. The Notes and the related guarantees have not been registered under the Securities Act or the securities laws of any other state or jurisdiction and may not be offered or sold in the United States without registration or an applicable exemption from the registration requirements of the Securities Act and applicable state securities or blue sky laws and foreign securities laws. 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, including the Issuer's 4.875% senior notes due 2023 and 5.625% senior notes due 2024. 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' secured indebtedness to the extent of the assets securing that indebtedness, including obligations under the Issuer's senior secured credit facilities, and will be structurally subordinated to all of the existing and future obligations of any of the Issuer's subsidiaries that do not guarantee the Notes. Sensata intends to use the net proceeds from the offering of the Notes together with cash on hand to purchase any and all of the Issuer's $700 million 6.5% senior notes due 2019 (6.5% notes) that are validly tendered (and not validly withdrawn), in the tender offer for the 6.5% notes that Sensata commenced, pay all accrued interest on the 6.5% notes and pay all fees and expenses in connection with the sale of the Notes and the Tender Offer.

Sensata Technologies B.V. Announces Commencement of Cash Tender Offer for 6.5% Senior Notes Due 2019

Sensata Technologies B.V. announced the commencement of a cash tender offer with respect to its outstanding 6.5% Senior Notes due 2019. The offer will expire at 5:00 pm, New York City time, on March 25, 2015, unless extended or earlier terminated by Sensata. In the event that the offer is extended, the term "Expiration Time" shall mean the time and date on which the Offer, as extended, shall expire. The terms and conditions of the Offer are described in the Offer to Purchase, dated March 19, 2015, the related Letter of Transmittal and the Notice of Guaranteed Deliver. Sensata reserves the right to terminate or amend the Offer, subject to applicable law. If material changes are made in terms of the Offer or the information concerning the Offer or material conditions of the Offer are waived, Sensata will, to the extent required by law, disseminate additional Offer materials and extend the Offer. In addition, Sensata may, if deemed appropriate, extend the Offer for any other reason. Upon the terms and subject to the conditions set forth in the Offer Documents, Holders that validly tender (and do not validly withdraw) their Notes before the Expiration Time will be entitled to receive the Total Consideration for each $1,000 principal amount of the Notes as set forth in the table above, plus accrued and unpaid interest on those notes up to, but excluding, the settlement date. Sensata reserves the right to terminate or withdraw the Offer, subject to applicable law. The Offer is subject to the satisfaction or waiver of certain conditions, including the Financing Condition, as specified in the Offer Documents.

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