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Conyers provided Bermuda law advice in connection with a private offering of US$450 million in senior notes due 2030 by Sensata Technologies, Inc., an indirect wholly owned subsidiary of Sensata Technologies Holding plc. Sensata Technologies intends to use the net proceeds from the offering to repay a portion of its outstanding term loan under its senior credit facilities.
Sensata Technologies is one of the world’s leading suppliers of sensing, electrical protection, control and power management solutions with operations and business centres in 11 countries.
Director Julie McLean and Associate Andrew Barnes of Conyers’ Bermuda office advised on this matter.