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Market Overview

Sensata Technologies Seeks To Raise $500M From Private Debt Offering


Sensata Technologies Holding PLC (NYSE: STproposed to raise $500 million from senior notes in a private institutional offering via its subsidiary Sensata Technologies B.V.

  • Sensata would utilize the offering proceeds for general corporate purposes, including working capital, capital expenditures, acquisition, strategic investments, debt repayment, and share buybacks.
  • Sensata acquired Xirgo Technologies Intermediate Holdings last month for $400 million.
  • The company's cash and cash equivalents amounted to $1.9 billion as of December 31, 2020. Its long-term debt balance amounted to $3.96 billion.
  • ST shares have gained over 89% last year and hit a 52-week high on March 13.
  • Price action: ST shares are trading 0.21% lower at 62.70 on the last check Monday.

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