Sensata Technologies draws down most of $420 million revolver

By Wendy Van Sickle

Columbus, Ohio, April 2 – Sensata Technologies Holding NV said it has drawn down most of its $420 million revolving credit facility.

The company borrowed under the revolver to further enhance its financial flexibility amid the Covid-19 pandemic, according to a news release.

With the additional funds, Sensata’s cash on hand as of April 1 is $1.2 billion.

Sensata is an Almelo, Netherlands-based supplier of sensing, electrical protection, control and power management services.

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