Shearman & Sterling advised Morgan Stanley Senior Funding, Inc. and Barclays Capital, as joint arrangers, and Morgan Stanley Senior Funding, Inc., Barclays Capital, Goldman Sachs Bank USA, BMO Capital Markets and RBC Capital Markets, as joint bookrunners, in connection with a $1.2 billion senior secured term loan facility and a $250 million senior secured revolving credit facility for Sensata Technologies Holding N.V. ("Sensata"). Shearman & Sterling also advised Barclays Capital Inc. and Morgan Stanley & Co. Incorporated as representatives of several initial purchasers in connection with a private placement of 6.5% Senior Notes due 2019 of Sensata Technologies B.V., a wholly-owned subsidiary of Sensata, pursuant to Rule 144A and Regulation S.

Sensata Technologies Holding N.V. is one of the world's leading suppliers of sensing, electrical protection, control and power management solutions and is majority-owned by affiliates of Bain Capital Partners, LLC. The financings were part of a design to refinance substantially all of Sensata’s existing indebtedness, including repurchases of outstanding 8% Senior Notes due 2014 and 9% Senior Subordinated Notes due 2016 pursuant to tender offers and consent solicitations. Shearman & Sterling represented Barclays Capital Inc. and Morgan Stanley & Co. Incorporated as dealer managers and solicitation agents in connection with the tender offers and consent solicitations.

The Shearman & Sterling team included partners James S. Scott Sr. (New York-Capital Markets) and Don J. Lonczak (Washington, DC-Tax) and associates Gaurav Chaudhari (New York-Finance), Ada Ho (New York-Finance), Michael Jokic (New York-Intellectual Property Transactions), Gloria Jung (New York-Intellectual Property Transactions), Kevin Younai (New York-Capital Markets), Joe M. Sasanuma (New York-Capital Markets), Gabriela Laufer (New York-Capital Markets) and Nathan Tasso (Washington, DC-Tax).