Mar 2021
Conyers provided Bermuda law advice in connection with a private offering of US$750 million aggregate principal amount of 4.000% senior notes due 2029 (the “Initial Notes”) and a further offering of US$250 million aggregate principal amount of 4.000% senior notes due 2029 (the “Additional Notes”) by Sensata Technologies B.V., an indirect wholly owned subsidiary of Sensata Technologies Holding plc. The Additional Notes will be consolidated with the Initial Notes to form a single class. Sensata Technologies intends to use the net proceeds from the offerings for general corporate purposes, which may include working capital, capital expenditures, the acquisition of other companies, businesses or assets, strategic investments, the refinancing or repayment of debt and share repurchases.
Director Julie McLean and Associates Andrew Barnes and Hailey Edwards of Conyers’ Bermuda office advised on the matter, working alongside Foley Hoag LLP.