Sterigenics to launch $50 million add-on term loan on Wednesday

By Sara Rosenberg

New York, Aug. 11 – Sterigenics International Inc. is scheduled to hold a call at 10 a.m. ET on Wednesday to launch a $50 million add-on term loan that is talked at Libor plus 325 basis points with a 1% Libor floor and an original issue discount of 99.25 to 99.5, according to a market source.

The spread and floor on the add-on matches existing term loan pricing.

J.P. Morgan Securities LLC is the lead bank on the deal.

Proceeds will be used for general corporate purposes and acquisitions, the source added.

Sterigenics is a Deerfield, Ill.-based provider of contract sterilization, gamma technologies and medical isotopes.

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