Sotera Health in Repricing of Term Loan Facility

Cleary Gottlieb represented Sotera Health Company (Sotera Health) in a repricing of its existing first-lien term loan facility, with JPMorgan Chase Bank N.A. as administrative agent.

Pursuant to the transaction, Sotera refinanced a portion of its existing term loans with new, repriced term loans, in an aggregate principal amount of approximately $1.4 billion. The repricing transaction reduced the applicable margin by 25 basis points.

Sotera Health is a leading global provider of mission-critical end-to-end sterilization solutions and lab testing and advisory services for the health care industry.

The Cleary finance team included partner Meme Peponis and associates Alex Patterson, Zhiyuan Xie, and David Rubinstein. Partners Jason Factor and Matthew Brigham, and associate Mingyu Tang, advised on tax matters.