secwatch / observer
8-K filed February 23, 2023, 6:59 PM ET ticker SHC CIK 0001822479
debt confidence high sentiment positive materiality 0.70

Sotera Health Co (SHC): debt financing — Sotera Health closes $500M Term Loan B, upsized from $425M, to fund $408M ethylene oxide litigation settlement

Sotera Health Co

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Sotera Health Co incurred term loan of $500,000,000 with JPMorgan Chase Bank, N.A., as First Lien Administrative Agent at Term SOFR (floor 0.50%) + 3.75% or Base Rate + 2.75% maturing December 13, 2026.

Instrument
term loan
Principal
$500,000,000
Counterparty
JPMorgan Chase Bank, N.A., as First Lien Administrative Agent
Rate
Term SOFR (floor 0.50%) + 3.75% or Base Rate + 2.75%
Maturity
December 13, 2026
Event
incurrence
Exact text from the filing
The Credit Agreement provides for, among other things, a new Term Loan B facility in an aggregate principal amount of $500,000,000 (the “Term Facility” and the loans thereunder, the “Term Loans”).
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Sotera Health Co entered into First Lien Credit Agreement with JPMorgan Chase Bank, N.A. (as First Lien Administrative Agent) and the lenders party thereto valued at $500,000,000 (effective 2023-02-23).

Action
entry
Agreement
credit facility
Counterparty
JPMorgan Chase Bank, N.A. (as First Lien Administrative Agent) and the lenders party thereto
Value
$500,000,000
Effective
2023-02-23
Exact text from the filing
On February 23, 2023, Sotera Health Company (the “Company”) and Sotera Health Holdings, LLC, as the Borrower (“SHH”) entered into the First Lien Credit Agreement dated as of February 23, 2023, by and among the Company, SHH, JPMorgan Chase Bank, N.A., as First Lien Administrative Agent (the “Administrative Agent”) and the lenders party thereto (the “Credit Agreement”).
View on SEC.gov

102 debt financings filed in the last 30 days. Browse all debt financings →

Sotera Health Co filing history →

Source: SEC EDGAR
accession 0001193125-23-046817
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