Shearman & Sterling advised Morgan Stanley Senior Funding, Inc., as administrative agent, on an amendment to Sensata Technologies B.V. and Sensata Technologies Finance Company, LLC’s existing $1.34 billion financing consisting of a $420 million revolving credit facility and a $918 million senior secured term loan B facility.
The amendment extends the maturity date of the revolving credit facility, adds pounds sterling as a revolver currency and modifies certain covenants.
Headquartered in the Netherlands, industrial technology company Sensata Technologies B.V., through its subsidiaries, engages in the development, manufacture and sale of sensors and controls primarily in the Americas, the Asia Pacific region and Europe.
Shearman & Sterling advised Morgan Stanley Senior Funding, Inc. with a team including Maura O’Sullivan (Picture), Iain Goalen, Pierre-Nicolas Ferrand, Brittany Roger, Emmanuel Bello, Wangshu Tai and Mariam Sadqi.
Involved fees earner: Emmanuel Bello – Shearman & Sterling; Pierre-Nicolas Ferrand – Shearman & Sterling; Iain Goalen – Shearman & Sterling; Maura O’Sullivan – Shearman & Sterling; Brittany Roger – Shearman & Sterling; Mariam Sadqi – Shearman & Sterling; Wangshu Tai – Shearman & Sterling;
Law Firms: Shearman & Sterling;
Clients: Morgan Stanley Senior Funding, Inc.;