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Sensata Technologies Holding N.V.'s SEC Filings

S-1/A
SENSATA TECHNOLOGIES HOLDING PLC filed this Form S-1/A on 03/09/2010
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May 1, 2016 and January 15, 2014, respectively. See “Description of Certain Outstanding Indebtedness.”

 

   

Approximately $2.0 million of the net proceeds to us from this offering will be used to pay fees and expenses to complete such tender offer.

 

   

Approximately $22.1 million of the net proceeds to us from this offering will be used to pay management fees associated with an advisory agreement we have with the Sponsors. See “Certain Relationships and Related Party Transactions—Advisory Agreement.”

 

   

Approximately $84.1 million of the net proceeds to us from this offering will be retained by us and used for general corporate purposes.

 

The fees and expenses of this offering will include a 1.0% financing fee on the gross proceeds we receive in this offering payable to the Sponsors pursuant to the terms of our advisory agreement with them. This fee would be approximately $5.0 million based on an assumed initial public offering price of $19.00 per share, the midpoint of the price range set forth on the cover page of this prospectus, and will result in the Sponsors receiving an aggregate of $27.1 million under the advisory agreement in connection with this offering. See “Certain Relationships and Related Party Transactions—Advisory Agreement.”

 

Until we use the net proceeds to us from this offering, we intend to invest the net proceeds in short-term, interest-bearing, investment-grade securities. We cannot predict whether the proceeds invested will yield a favorable return. We do not have any specific plans with respect to that portion of the net proceeds identified above that we intend to use for general corporate purposes. Accordingly, our management will have broad discretion in the application of these net proceeds. We believe that retaining these net proceeds will afford us significant flexibility to pursue our business strategy of expanding the application of our products through product development and our geographic reach, investing in our workforce and making selective acquisitions.

 

A company indirectly owned by Bain Capital and certain members of our management currently owns €42.3 million in aggregate principal amount of 11.25% Senior Subordinated Notes and will receive some of the net proceeds from this offering from the repurchase of some or all of such 11.25% Senior Subordinated Notes. See “Certain Relationships and Related Party Transactions—Purchase of Outstanding Debt Securities.” In addition, affiliates of several of the underwriters are holders of our 8% Senior Notes, 9% Senior Subordinated Notes and/or 11.25% Senior Subordinated Notes, some of which we currently intend to repurchase with a portion of the net proceeds to us from this offering. As a result, some of the underwriters or their affiliates may receive part of the proceeds to us from this offering by reason of the repayment of our long-term indebtedness. See “Underwriting.”

 

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