Sensata Technologies Holding plc announced cash tender offers by subsidiaries for up to $350 million aggregate principal of three senior note series due 2029-2030, with early tender premium of $50 per $1,000.
Key takeaways
Subsidiaries commenced tender offers for 4.000% 2029 Notes ($646M outstanding, priority 1, total consideration $985/$1,000).
4.375% 2020 Notes ($450M outstanding, priority 2, total consideration $976.25/$1,000).
5.875% 2030 Notes ($500M outstanding, priority 3, total consideration $1,007.50/$1,000).
Early Tender Deadline May 29, 2026; Expiration June 15, 2026; max $350M total cash consideration excluding interest.
Goldman Sachs and Barclays as Dealer Managers; D.F. King as tender agent.
Offers subject to conditions, proration, acceptance priorities per Offer to Purchase.