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Sensata expected to price $600 million notes during May 2 week
By Paul A. Harris
Portland, Ore., April 29 - Sensata Technologies Holding NV is expected to bring to market a $600 million offering of senior notes during the May 2 week, according to an informed source.
The deal is expected to be quickly marketed.
Barclays Capital Inc. will lead a syndicate of bookrunners that was still taking shape as the Friday session was coming to a close.
Proceeds, in addition to proceeds from a $1.45 billion credit facility, will be used to refinance existing debt and for general corporate purposes.
Sensata is an Almelo, Netherlands-based supplier of sensing, electrical protection, control and power management solutions.
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