debt
confidence high
sentiment neutral
materiality 0.50
Sotera Health reprices $1.42B term loans, reduces spread by 25 bps to SOFR+2.25%
Sotera Health Co
- Amendment No. 7 refinances $1,415,914,726 of term loans; interest spread cut 0.25% to Adjusted Term SOFR + 2.25%.
- New term loans amortize at 1.00% per annum and mature on May 30, 2031.
- Soft call premium of 1.00% applies to repricing transactions within six months of effective date.
- Proceeds plus cash on hand used to repay all existing term loans in full.
- Transaction closed May 20, 2026; no event of default occurred.
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