August 23, 2014 11:28 AM ET

Electrical Equipment

Company Overview of Sensata Technologies B.V.

Company Overview

Sensata Technologies B.V., an industrial technology company, 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 company operates in two segments, Sensors and Controls. The Sensors segment offers pressure, force, electromechanical, speed, and position sensor products that are used in subsystems of automobiles and heavy off-road vehicles; and industrial products, such as HVAC systems. Its products improve operating performance and safety of various products, including automobiles’ heating and air-conditioning systems. This segment serves original equipment manufacturers (OEMs) a...

Kolthofsingel 8

Almelo,  7602 EM

Netherlands

Founded in 1931

10,500 Employees

Phone:

31 546 87 95 55

Fax:

31 546 87 05 35

Key Executives for Sensata Technologies B.V.

Chief Executive Officer
Age: 57
Chief Operating Officer
Age: 47
Senior Vice President of Global Operations
Age: 59
Senior Vice President of Sensors
Age: 56
Senior Vice President of Controls
Age: 50
Compensation as of Fiscal Year 2014.

Sensata Technologies B.V. Key Developments

Schrader International, Inc., Sensata Technologies B.V. - M&A Call

To acquire the Schrader group of companies from Madison Dearborn Partners, LLC for a total enterprise value of $1.0 billion

Sensata Technologies B.V., Sensata Technologies Finance Company, LLC, and Sensata Technologies Intermediate Holding B.V. Announce Intent to Amend Credit Agreement

Sensata Technologies B.V., Sensata Technologies Finance Company, LLC, and Sensata Technologies Intermediate Holding B.V. announced that they intend to enter into an amendment of their credit agreement dated as of May 12, 2011, as amended on December 6, 2012. The Original Credit Agreement provides Sensata with a term loan facility and a revolving credit facility. Pursuant to the amendment, Sensata intends to seek a reduction in the applicable rate with respect to its term loan facility for both 'base rate loans' and 'eurodollar rate loans.' In addition, Sensata intends to extend the maturity date and seek certain other administrative changes to the Original Credit Agreement. Consents from all of the term loan lenders under the Original Credit Agreement are necessary to effect the amendment. Assuming the requisite consents are received, Sensata expects the amendment to become effective during the week of December 9, 2013.

Sensata Technologies B.V. Prices $500 Million Of Senior Notes Due 2023

Sensata Technologies B.V. has priced $500 million in aggregate principal amount of 4.875% senior notes due 2023 in connection with a private offering that is exempt from registration under the Securities Act of 1933, as amended. The notes were priced at 100% of par. The closing of the offering is expected to occur on April 17, 2013, subject to customary closing conditions. The notes will be guaranteed on a senior unsecured basis by substantially all of the issuer's existing and future wholly-owned subsidiaries that guarantee the issuer's senior secured credit facilities. The notes and the guarantees will be the issuer's and the guarantors' senior unsecured obligations and will rank equally in right of payment to all existing and future senior indebtedness of the issuer or the guarantors, including the issuer's 6.5% senior notes due 2019. The notes and the guarantees will be senior to all of the issuer's and the guarantors' future indebtedness that is expressly subordinated to the notes and the guarantees. The notes and the guarantees will be effectively junior to the issuer's and the guarantors secured indebtedness to the extent of the assets securing that indebtedness, including obligations under the issuer's senior secured credit facilities, and will be structurally subordinated to all of the existing and future obligations of any of the issuer's subsidiaries that do not guarantee the notes. The company intends to use the net proceeds from the offering of the notes together with cash on hand to repay approximately $700 million of existing term loans under the senior secured credit facilities, pay all accrued interest on such indebtedness and pay all fees and expenses in connection with the sale of the notes and the repayment of such indebtedness. The notes and the related guarantees will be offered only to 'qualified institutional buyers' in reliance on the exemption from registration pursuant to Rule 144A under the Securities Act and to persons outside of the United States in compliance with Regulation S under the Securities Act. The notes and the related guarantees have not been and will not be registered under the Securities Act, or the securities laws of any state or other jurisdiction, and may not be offered or sold in the United States without registration or an applicable exemption from the registration requirements of the Securities Act and applicable state securities or blue sky laws and foreign securities laws.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
August 18, 2014
Schrader International, Inc.
 

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