Shearman & Sterling LLP multinational law firm headquartered in New York City, United States.

News Mar 27, 2019

Sensata Technologies’ $1.34 Billion Amended Financing

Shearman & Sterling advised Morgan Stanley Senior Funding, Inc., as administrative agent, on an amendment to Sensata Technologies B.V. and Sensata Technologies Finance Company, LLC’s existing $1.34 billion financing consisting of a $420 million revolving credit facility and a $918 million senior secured term loan B facility. The amendment extends the maturity date of the revolving credit facility, adds pounds sterling as a revolver currency and modifies certain covenants.

Headquartered in the Netherlands, industrial technology company Sensata Technologies B.V., 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 Shearman & Sterling team below also included contract attorney Spencer Barrowes.

The Team