On June 23, 2022, (the Closing Date"), Sensata Technologies, Inc. (the Borrower") and certain other indirect, wholly-owned subsidiaries of Sensata Technologies Holding plc (the Company"), including Sensata Technologies Intermediate Holding B.V. (the Parent") and Sensata Technologies B.V. (STBV"), entered into an amendment (the Credit Facility Amendment") to (i) the Credit Agreement, dated as of May 12, 2011 (as amended, supplemented, waived, or otherwise modified prior to the Credit Facility Amendment, the Credit Agreement," and as further amended pursuant to the Credit Facility Amendment, the Amended Credit Agreement"; unless defined herein, capitalized terms have the same meanings as defined in the Amended Credit Agreement), among the Borrower, the Parent, Morgan Stanley Senior Funding, Inc., as Administrative Agent, the lenders party thereto, and certain other parties, and (ii) the Foreign Guaranty, dated as of May 12, 2011 (as amended, supplemented, waived, or
otherwise modified prior to the Credit Facility Amendment), made by certain affiliates of the Borrower as the Foreign Guarantors in favor of the Secured Parties as defined in the Credit Agreement. Pursuant to the Credit Facility Amendment, among other changes to the Credit Agreement and the other Loan Documents provided for therein, (i) the aggregate principal amount of the Revolving Credit Commitments under the Credit Agreement was increased by $330 million, with the result that the aggregate principal amount of the Revolving Credit Commitments under the Amended Credit Agreement is $750 million; (ii) the maturity date of the Revolving Credit Facility was extended to the earlier of (1) June 23, 2027 and (2) if the term loans under the Credit Agreement are not refinanced with a maturity date that is on or after June 23, 2027 by June 22, 2026 (which is the 90th day prior to the current maturity date of the term loans of September 20, 2026), June 22, 2026; (iii) the Foreign Guarantors (excluding STBV) were released from their obligations to guarantee and provide collateral security for the obligations of the Borrower and the other Loan Parties relating to the
Revolving Credit Facility and certain related obligations, subject to an obligation to reinstate such guaranties and collateral security if the term loans under the Credit Agreement are refinanced or their maturity is extended, or if the Borrower obtains additional terms loans thereunder, and in any such case the Foreign Guarantors' continue to guarantee or provide collateral security for such refinanced, extended or additional term loans; (iv) Sensata Technologies Bermuda Ltd. was released as a guarantor and securing party under the Amended Credit Agreement and the other Loan Documents; (v) the provisions of the Credit Agreement regarding interest on Revolving Credit Loans were amended to replace LIBOR-based rates with rates based on Term SOFR with regard to Revolving Credit Loans denominated in U.S. dollars, to replace LIBOR-based rates with rates based on Daily Simple SONIA with regard to Revolving Credit Loans denominated in pounds sterling, and to make certain associated changes; and (vi) certain of the operational and restrictive covenants and other terms and conditions of the Credit Agreement were modified to provide the Borrower and its affiliates increased flexibility and permissions thereunder.