Sotera Health increases revolving commitments to $423.8 million

By Wendy Van Sickle

Columbus, Ohio, March 21 – Sotera Health Co. increased the revolving loan commitments under its revolving credit facility to $423.8 million from $347.5 million, according to a news release.

The commitments for issuance of letters of credit was also increased to $361 million from $196 million.

Further, SOFR plus an applicable credit spread adjustment of 10 basis points was introduced to replace Libor as the reference interest rate. The margin is 275 bps.

The additional capacity will be used for general corporate purposes.

There is no balance on the revolver, and Sotera does not currently expect to incur any borrowings under the facility. The maturity date continues to be June 13, 2026.

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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