---
schema_version: "secwatch.filing_event.v1"
accession: "0001822479-24-000029"
form_type: "8-K"
ticker: "SHC"
cik: "0001822479"
company_name: "Sotera Health Co"
filed_at: "2024-05-30T23:59:59+00:00"
generated_at: "2026-06-01T07:27:33.606696+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Sotera Health closes $1.51B term loan and $750M notes, refinances existing debt, expects $5M interest savings in 2024

## Summary
- Closed $1.509B Term Loan B (SOFR+3.25% or ABR+2.25%, 0% floor) and $750M 7.375% senior secured notes, both due 2031.
- Proceeds from financings plus cash on hand used to refinance $1.76B and $496.3M existing term loans due 2026; prior credit agreement terminated.
- 2024 interest expense guidance reduced to $165M-$175M from prior range due to ~$5M annualized savings from lower rates.
- Term loan amortizes at 1% per year ($15.1M annually) with balance due in 2031; notes may be redeemed at stated premiums starting June 2027.
- Covenants limit dividends, additional debt, liens, investments, and asset sales; covenants suspend if notes achieve investment-grade rating.

## SEC filing metadata
- accession: 0001822479-24-000029
- form_type: 8-K
- ticker: SHC
- cik: 0001822479
- company_name: Sotera Health Co
- filed_at: 2024-05-30T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 3.03, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1822479/000182247924000029/0001822479-24-000029-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1822479/000182247924000029/shc-20240530.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001822479-24-000029
- JSON: https://secwatch.observer/filing/0001822479-24-000029.json
- Plain text: https://secwatch.observer/filing/0001822479-24-000029.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.