Loan & DebtMay 20, 2026, 04:23 PM
Sotera Health Refinances $1.42B Term Loans, Cuts Interest Rate by 0.25%
AI Summary
Sotera Health Company entered into Amendment No. 7 to its First Lien Credit Agreement, refinancing approximately $1.42 billion in term loans. The amendment reduces the interest rate spread by 0.25% and sets the new applicable interest rate margin at Adjusted Term SOFR plus 2.25%. The Repriced Term Loans mature on May 30, 2031, and include a 1.00% soft call premium for certain repricing transactions within six months.
Key Highlights
- Refinanced $1,415,914,725.62 in term loans through Amendment No. 7 to the Credit Agreement.
- Reduced the interest rate spread by 0.25% across term loans under the facility.
- New interest rate margin set at Adjusted Term SOFR plus 2.25%, with a 0.00% floor.
- Repriced Term Loans are subject to a 1.00% soft call premium for 6 months.
- Loans amortize at 1.00% per annum and mature on May 30, 2031.
- Proceeds used to refinance existing term loans and pay accrued interest and fees.
Price Impact
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