Sotera Health to launch $1.77 billion term loan B on Tuesday

By Sara Rosenberg

New York, Jan. 11 – Sotera Health Co. is scheduled to hold a lender call at 11 a.m. ET on Tuesday to launch a $1.768 billion term loan B due December 2026, according to a market source.

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

The term loan has 101 soft call protection for six months, the source said.

Proceeds will be used to reprice an existing term loan B down from Libor plus 450 basis points with a 1% Libor floor.

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

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

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