secwatch.observer — SEC 8-K summary
======================================

Issuer:     STERIS plc (STE)
CIK:        0001757898
Form:       8-K
Filed at:   2024-10-07T23:59:59+00:00
Accession:  0001193125-24-233855
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

STERIS enters new $1.1B revolver, replaces 2021 credit facility, matures Oct 2029
--------------------------------------------------------------------------------

- New $1.1B revolving credit facility replaces the March 2021 credit agreement; proceeds for general corporate purposes.
- Facility matures October 7, 2029; includes an accordion feature allowing up to $625M additional commitments.
- Pricing based on STERIS debt ratings: Term Benchmark/RFR margin ranges from 0.910% to 1.425%; facility fee 0.090% to 0.200%.
- Swingline subfacility and letter of credit sublimits included; Alternative Currency sublimit of $625M.
- Joint lead arrangers: JPMorgan, BofA, Citibank, PNC, Wells Fargo; administrative agent: JPMorgan.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1757898/000119312524233855/0001193125-24-233855-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1757898/000119312524233855/d833057d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-233855

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer