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Published on 3/24/2021 in the Prospect News Bank Loan Daily and Prospect News Investment Grade Daily.

S&P rates Steris Irish notes BBB-

S&P said it assigned its BBB- issue-level rating to the senior unsecured notes due 2031 and 2051 issued by Steris plc's wholly-owned financing subsidiary Steris Irish FinCo Unlimited Co.

The notes will be fully guaranteed by parent Steris plc, rated BBB-, and both of its operating subsidiaries, Steris Corp. and Steris Ltd.

The company will use the proceeds mainly to fund its planned acquisition of Cantel Medical Corp. Global for $4.6 billion.


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