---
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"
generated_at: "2026-06-19T03:16:06.328914+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Sotera Health closes $500M Term Loan B, upsized from $425M, to fund $408M ethylene oxide litigation settlement

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-046817
- JSON: https://secwatch.observer/filing/0001193125-23-046817.json
- Plain text: https://secwatch.observer/filing/0001193125-23-046817.txt

## Key facts
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1822479/000119312523046817/0001193125-23-046817-index.htm
- Material Agreements
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1822479/000119312523046817/0001193125-23-046817-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.