Sensata to repay subordinated term loan debt with notes proceeds

By Sara Rosenberg

New York, June 6 - Sensata Technologies BV plans to repay amounts under its senior subordinated term loan using proceeds from a €141 million 11¼% senior subordinated notes offering and cash on hand, according to a news release.

The term loan was originally issued as bridge financing for the acquisition of Airpax Holdings, Inc. in July 2007.

Sensata is an Attleboro, Mass.-based designer and manufacturer of sensors and controls.

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