Sterigenics launches $70 million add-on term loan at 99.75 OID

By Sara Rosenberg

New York, Oct. 17 – Sterigenics-Nordion Holdings LLC launched on its lender call on Tuesday a fungible $70 million add-on term loan that is talked at Libor plus 300 basis points with a 1% Libor floor and an original issue discount of 99.75, according to a market source.

Jefferies LLC is the lead on the deal.

Commitments are due at noon ET on Friday, the source said.

Proceeds will be used to fund an acquisition.

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

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