debt
confidence high
sentiment neutral
materiality 0.70
Sotera Health subsidiary prices $750M 7.375% senior secured notes due 2031 to refinance term loans
Sotera Health Co
- SHH priced $750M aggregate principal of 7.375% senior secured notes due 2031.
- Proceeds with new term loan and cash will refinance existing credit agreement term loans.
- Closing expected May 30, 2024, subject to conditions and concurrent completion of new term loan.
- Notes and guarantees secured on first-lien basis by substantially all assets of SHH and guarantors.
- Notes offered privately under Rule 144A and Reg S; not registered under Securities Act.