Shearman & Sterling advised Morgan Stanley as administrative agent on an amendment to Sensata Technologies’ existing $420 million secured revolving credit facility to extend the maturity date of the revolving credit loans thereunder and to add a $330 million incremental upsize, bringing the total size of the facility to $750 million. The facility will be used to finance general corporate purposes.
Headquartered in Attleboro, Massachusetts, Sensata Technologies supplies sensors and controls. It offers airflow, analytical, pressure, position, and automotive sensors, as well as automotive and pressure switches; control and protection products, including battery protectors, circuit breakers and protectors, lighting control and protectors, motor control and protectors, power control, and protectors, solar control and protectors, switches, and thermostats; semiconductors/burn-in test sockets, such as burn-in test sockets; and sensing devices.
The Shearman & Sterling team below included associate Andrew Mavers.