Sensata Technologies reduces credit facility, extends maturity to 2030

Sensata Technologies Holding plc (NYSE:ST), a $4.4 billion industrial technology company, announced Monday that it has amended its revolving credit facility, reducing the total commitments from $750 million to $650 million and extending the maturity date to September 24, 2030. The amendment was entered into on September 24 by Sensata Technologies, Inc. and certain wholly-owned subsidiaries, including Sensata Technologies Intermediate Holding B.V. and Sensata Technologies B.V., alongside Morgan Stanley Senior Funding, Inc. as administrative agent and the participating lenders.

According to a statement in the SEC filing, the revised agreement also modifies certain operational and restrictive covenants, providing the borrower and its affiliates with increased flexibility and permissions under the terms of the facility. InvestingPro analysis suggests the stock is currently undervalued, with a healthy current ratio of 2.71x.

The amendment is part of a credit agreement originally dated May 12, 2011, which has been amended and supplemented multiple times. The company’s ordinary shares are listed on the New York Stock Exchange under the symbol ST.

This information is based on a press release statement included in Sensata Technologies’ filing with the Securities and Exchange Commission.

In other recent news, Sensata Technologies disclosed its financial results for the second quarter of 2025. The company reported a revenue of $943 million, which represents a decrease from the previous year’s $1,036 million. Sensata’s adjusted earnings per share were recorded at $0.87. Despite the decline in revenue, the company maintained a strong free cash flow conversion rate of 91%. These financial metrics indicate a steady performance amid the revenue drop. The market’s reaction to the earnings announcement was neutral. The stability in the company’s financials is noteworthy for investors evaluating Sensata’s current position.

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