{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-046817","form_type":"8-K","ticker":"SHC","cik":"0001822479","company_name":"Sotera Health Co","filed_at":"2023-02-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:46.802205+00:00","generated_at":"2026-06-19T03:16:06.328914+00:00","sec_items":["1.01","2.03","7.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Sotera Health closes $500M Term Loan B, upsized from $425M, to fund $408M ethylene oxide litigation settlement","bullets":["Sotera Health closed $500M Term Loan B, upsized from previously announced $425M.","Proceeds to fund $408M ethylene oxide litigation settlement in Cook County, IL, pay down revolver, enhance liquidity.","Loan bears SOFR+3.75% (50bps floor) or base+2.75%, matures Dec 2026, amortizes 1% annually.","Soft call premium of 1% for certain repricing transactions within first six months after closing.","Covenants substantially same as existing credit agreement; obligations secured on first-priority basis."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-046817","json":"https://secwatch.observer/filing/0001193125-23-046817.json","markdown":"https://secwatch.observer/filing/0001193125-23-046817.md","text":"https://secwatch.observer/filing/0001193125-23-046817.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1822479/000119312523046817/0001193125-23-046817-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1822479/000119312523046817/d469775d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T03:16:06.328914+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"6bf92d142b2772f9900f99b4ba35ae818f7b71bc","claim":"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.","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1822479/000119312523046817/0001193125-23-046817-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$500,000,000"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A., as First Lien Administrative Agent"},{"label":"Rate","value":"Term SOFR (floor 0.50%) + 3.75% or Base Rate + 2.75%"},{"label":"Maturity","value":"December 13, 2026"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"939cfb6947187790a503c05282968e4abc27c8e9","claim":"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).","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1822479/000119312523046817/0001193125-23-046817-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A. (as First Lien Administrative Agent) and the lenders party thereto"},{"label":"Value","value":"$500,000,000"},{"label":"Effective","value":"2023-02-23"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}