Nachrichten November 27, 2015

Shearman & Sterling LLP Advises Initial Purchasers on $750 Million Senior Notes Offering by Sensata Technologies UK Financing Co. plc

Shearman & Sterling LLP represented Merrill Lynch, Pierce, Fenner & Smith Incorporated, Barclays Capital, Inc., Morgan Stanley & Co. LLC, Goldman, Sachs & Co., Mizuho Securities USA Inc. and RBC Capital Markets, LLC, as initial purchasers, in connection with a $750 million issuance of 6.250% senior notes due 2026 by Sensata Technologies UK Financing Co. plc (the “issuer”), a newly formed indirect wholly owned subsidiary of Sensata Technologies N.V. and a subsidiary of Sensata Technologies B.V. (“Sensata”).

Sensata used the net proceeds from the offering of the notes, together with up to $250 million of revolving borrowings under its senior secured credit facilities and cash on hand, to finance its previously announced acquisition of the sensing portfolio of Custom Sensors & Technologies, Inc., and related sales, manufacturing and engineering sites in the United States, United Kingdom, Germany, France, China and Mexico (the “CST Acquisition”), and to pay related transaction fees and expenses. The CST Acquisition was consummated on December 1, 2015.

The Team