Sensata plans amendment to expand revolver size, extend maturity

By Sara Rosenberg

New York, March 19 – Sensata Technologies BV is looking to amend its senior secured revolving credit facility to increase the size to $350 million from $250 million and extend the maturity to five years after the closing of the amendment, according to a news release.

In addition, the company announced plans to sell $700 million in senior notes due 2025 to be used with cash on hand to fund the redemption of its $700 million 6½% senior notes due 2019.

Sensata is a supplier of sensing, electrical protection, control and power management services.

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