Sotera Health amends credit agreement, reprices $1.42 billion term loans to lower rate
Sotera Health entered Amendment No. 6 to its First Lien Credit Agreement on September 17, 2025, which reprices its term loans. The Repriced Term Loans total $1,423,029,875 after the company used $75,000,000 of available cash to repay part of its term loan facility, and they mature on May 30, 2031. The amendment lowers the interest rate spread by 0.50%, which matters to shareholders because it reduces the company's borrowing cost on this debt.
Key points
- Repriced Term Loans total $1,423,029,875 to Sotera Health Holdings, LLC, after a $75,000,000 cash repayment
- Interest margin set at Adjusted Term SOFR plus 2.50%, reflecting a 0.50% reduction from this amendment and a previously triggered 0.25% step-down
- Loans amortize at 1.00% per year, mature May 30, 2031, and carry a 1.00% soft call premium for repricings within six months
- Amendment filed as Exhibit 10.1; JPMorgan Chase Bank, N.A. is first lien Administrative Agent
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:00 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 18, 2025.
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