secwatch.observer — SEC 8-K summary
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Issuer:     Sotera Health Co (SHC)
CIK:        0001822479
Form:       8-K
Filed at:   2023-02-23T23:59:59+00:00
Accession:  0001193125-23-046817
Event type: debt
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1822479/000119312523046817/0001193125-23-046817-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1822479/000119312523046817/d469775d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-046817

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