0001477294-15-000071.txt : 20150507 0001477294-15-000071.hdr.sgml : 20150507 20150507170059 ACCESSION NUMBER: 0001477294-15-000071 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20150507 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20150507 DATE AS OF CHANGE: 20150507 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Sensata Technologies Holding N.V. CENTRAL INDEX KEY: 0001477294 STANDARD INDUSTRIAL CLASSIFICATION: INDUSTRIAL INSTRUMENTS FOR MEASUREMENT, DISPLAY, AND CONTROL [3823] IRS NUMBER: 000000000 STATE OF INCORPORATION: P7 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-34652 FILM NUMBER: 15842712 BUSINESS ADDRESS: STREET 1: KOLTHOFSINGEL 8 CITY: ALMEMO STATE: P7 ZIP: 7602 EM BUSINESS PHONE: 31-546-979-450 MAIL ADDRESS: STREET 1: KOLTHOFSINGEL 8 CITY: ALMEMO STATE: P7 ZIP: 7602 EM FORMER COMPANY: FORMER CONFORMED NAME: Sensata Technologies Holding B.V. DATE OF NAME CHANGE: 20091120 8-K 1 form8k050715.htm FORM 8-K form8k050715

 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
 
 __________________________________________
FORM 8-K
 
 
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 7, 2015
 
__________________________________________ 
SENSATA TECHNOLOGIES HOLDING N.V.
(Exact name of Registrant as specified in its charter)
 
 __________________________________________

The Netherlands
 
001-34652
 
98-0641254
(State or other jurisdiction
of incorporation)
 
(Commission
File Number)
 
(IRS Employer
Identification No.)
Kolthofsingel 8, 7602 EM Almelo
The Netherlands
(Address of Principal executive offices, including Zip Code)
31-546-879-555
(Registrant's telephone number, including area code)
 
(Former name or former address, if changed since last report)
 
 __________________________________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 

o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 

 






Item 8.01
Other Events.
On May 7, 2015, Sensata Technologies Holding N.V. announced that its indirect, wholly-owned subsidiaries, Sensata Technologies B.V. and Sensata Technologies Finance Company, LLC (collectively, the "Borrowers") and Sensata Technologies Intermediate Holding B.V., have agreed to enter into the sixth amendment (the "Amendment") to their credit agreement, dated as of May 12, 2011 (as amended from time to time, the "Credit Agreement"). The Credit Agreement provides the Borrowers with both an original term loan due May 2019 (the "Original Term Loan") and an incremental term loan due October 2021 (the "Incremental Term Loan").
Pursuant to the Amendment, the Borrowers have agreed to decrease the interest rate spread on both the Original Term Loan and the Incremental Term Loan, and to extend the maturity of the Original Term Loan to October 2021. The Amendment is expected to become effective on or about May 11, 2015.
A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01
Financial Statements and Exhibits.
(d) Exhibits
99.1
 
May 7, 2015 press release entitled "Sensata Technologies Announces Amendments to Credit Agreement."




2


SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 

 
 
 
 
SENSATA TECHNOLOGIES HOLDING N.V.
 
 
 
 
 
 
 
/s/ Paul Vasington
Date: May 7, 2015
 
 
 
Name: Paul Vasington
 
 
 
 
Title: Executive Vice President and Chief Financial Officer




3


EXHIBIT INDEX
 
Exhibit No.
 
Description
 
 
99.1
 
May 7, 2015 press release entitled "Sensata Technologies Announces Amendments to Credit Agreement."
 




4
EX-99.1 2 ex991termloanrepricepressr.htm EX 99.1 - PRESS RELEASE Ex991TermLoanRepricePressRelease



Sensata Technologies Announces Amendments to Credit Agreement

Almelo, the Netherlands – (May 7, 2015) -- Sensata Technologies Holding N.V. ("Sensata" or the “Company”) (NYSE: ST) announced today that its indirect, wholly-owned subsidiaries, Sensata Technologies B.V. and Sensata Technologies Finance Company, LLC (collectively, the “Borrowers”), and Sensata Technologies Intermediate Holding B.V. have agreed to enter into the sixth amendment (the "Amendment") to their credit agreement, dated as of May 12, 2011 (as amended from time to time, the “Credit Agreement”). The Credit Agreement provides the Borrowers with both an original term loan due May 2019 (the “Original Term Loan”) and an incremental term loan due October 2021 (the “Incremental Term Loan”).
Pursuant to the Amendment, the Borrowers have agreed to reprice both the Original Term Loan and the Incremental Term Loan. The repricing will decrease the interest rate spread on the Original Term Loan and the Incremental Term Loan by 0.25% and 0.50%, respectively. Pricing for both tranches will be finalized at LIBOR+2.25%, with a 0.75% LIBOR floor, and the maturity of the Original Term Loan will be extended to October 2021, to correspond with the existing maturity date of the Incremental Term Loan. The repriced term loans were offered at 99.75% of par. The Amendment is expected to become effective on or about May 11, 2015.

About Sensata Technologies Holding N.V.

Sensata is one of the world’s leading suppliers of sensing, electrical protection, control and power management solutions with operations and business centers in sixteen countries. Sensata’s products improve safety, efficiency and comfort for millions of people every day in automotive, appliance, aircraft, industrial, military, heavy vehicle, heating, air-conditioning and ventilation, data, telecommunications, recreational vehicle and marine applications. For more information, please visit Sensata’s website at www.sensata.com. Information on Sensata’s website is not incorporated by reference into, and does not form part of, this press release.

Safe Harbor Statement

Statements in this release which are not historical facts, such as those that may be identified by the use of words such as "anticipate," "believe," "could," "estimate," "expect," "feel," "forecast," "intend," "may," "plan," "potential," "project," "should," "would," and similar expressions, are forward-looking statements under the provisions of the Private Securities Litigation Reform Act of 1995. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. These risks and uncertainties include, but are not limited to, the consummation of the Amendment. Forward-looking statements reflect management's analysis as of the date of this press release. Important factors that could cause actual results to differ materially from the Company’s expectations are more fully described in the Company’s filings with the Securities and Exchange Commission. Except as required by applicable law, the Company does not undertake to publicly update or revise





any of these forward-looking statements, whether as a result of new information, future events or otherwise. Copies of the Company’s filings are available from its Investor Relations department or from the SEC website, www.sec.gov.

Contact:
 
 
 
 
 
 
 
 
 
Investors:
 
 
News Media:
 
Jacob Sayer
 
 
Linda Megathlin
 
(508) 236-3800
 
 
(508) 236-1761
 
investors@sensata.com
 
 
lmegathlin@sensata.com
 




       
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