Sotera Health Co (SHC): debt financing — Sotera Health refinances $1.423B term loans, cuts interest margin by 0.50%

Sotera Health Co

Amendment No. 6 reduces term loan interest spread by 0.50% to SOFR + 2.50% (0.00% floor).
Applied $75M cash to repay existing borrowings; new term loan principal is $1,423,029,875.
Repriced term loans amortize at 1.00% per annum and mature May 30, 2031.
Soft call premium of 1.00% applies for certain repricing transactions within six months.
Proceeds from new loans and cash on hand fully refinanced existing term loans.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Sotera Health Co amended term loan of $1,423,029,875 with JPMorgan Chase Bank, N.A. at Adjusted Term SOFR plus 2.50% maturing May 30, 2031.

Instrument: term loan
Principal: $1,423,029,875
Counterparty: JPMorgan Chase Bank, N.A.
Rate: Adjusted Term SOFR plus 2.50%
Maturity: May 30, 2031
Event: amendment

Exact text from the filing

the Amendment provides that the Refinancing Lenders will provide term loans (the “Repriced Term Loans”) to SHH in an aggregate principal amount of $1,423,029,875

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Source: SEC EDGAR

accession 0001193125-25-207549

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