Sensata Issues Senior Subordinated Term Loan for Airpax Acquisition

To fund the Airpax acquisition, Sensata issued a new senior subordinated term loan for euro 141 million ($195 million) arranged by Morgan Stanley, Bank of America, and Goldman Sachs. The loan matures October 27, 2013 and bears interest at a variable rate based on EURIBOR plus an applicable margin starting at 4.50%.

“Sensata issued a new senior subordinated term loan for euro 141 million ($195 million) arranged by Morgan Stanley, Bank of America, and Goldman Sachs, with a maturity date of October 27, 2013.”

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