Sotera Health pays down term loan debt, ups revolver to $347.5 million

By Taylor Fox

New York, Dec. 18 – Sotera Health Co. paid down $341 million of its first-lien term loan at the end of November using proceeds from its initial public offering, according to a news release.

Sotera also increased the lender revolving loan commitments under its revolving credit facility to $347.5 million from $190 million.

The entire revolver remains undrawn, with no revolving loans presently outstanding.

Jefferies is administrative agent under the credit facility. The lenders under the revolver include Barclays, BNP Paribas, Citibank, Citizens Bank, Credit Suisse, Goldman Sachs, ING, Jefferies, J.P. Morgan, Key Bank, PSP and RBC.

Sotera is a Broadview Heights, Ohio-based provider of mission-critical health sciences, lab services and sterilization solutions for the health care industry.

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