Sotera Health upsizes revolver by $76.3M to $423.8M, switches from LIBOR to SOFR

Sotera Health Co

Revolving credit facility increased from $347.5M to $423.8M via incremental commitments.
Letter of credit commitments raised from ~$196M to $361M.
Interest rate on USD draws: Term SOFR/Daily SOFR + 2.75% or base rate + 1.75%.
No outstanding balance; proceeds for general corporate purposes.
Maturity remains June 13, 2026; no changes to covenants or other terms.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Sotera Health Co amended Incremental Facility Amendment No. 2 with JPMorgan Chase Bank, N.A., as First Lien Administrative Agent and the lenders and issuing banks party thereto valued at $423,750,000 (effective 2023-03-21).

Action: amendment
Agreement: credit facility
Counterparty: JPMorgan Chase Bank, N.A., as First Lien Administrative Agent and the lenders and issuing banks party thereto
Value: $423,750,000
Effective: 2023-03-21

Exact text from the filing

On March 21, 2023, Sotera Health Company (the “Company”) and Sotera Health Holdings, LLC (“SHH”) entered into Incremental Facility Amendment No. 2 (the “Amendment”) to the First Lien Credit Agreement dated as of December 13, 2019 by and among the Company, SHH, certain subsidiaries of the Company, JPMorgan Chase Bank, N.A., as First Lien Administrative Agent and the lenders and issuing banks party thereto (the “Credit Agreement”).

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Sotera Health Co filing history →

Source: SEC EDGAR

accession 0001193125-23-075979

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