2023-03-21 17:43:13 ET
- An amendment has added $76.3M to a loan agreement bringing Sotera Health Company's ( NASDAQ: SHC ) revolving credit facility to $423.8M.
- In addition, the amendment also increases lender commitments for the issuance of letters of credit under the credit facility from ~$196M to $361M.
- Also, the LIBOR-based reference interest rate option is replaced with a reference rate option based on the Term Secured Overnight Financing Rate (SOFR) or Daily Simple SOFR plus an applicable credit spread adjustment of 0.10%.
- The company said that the additional credit capacity will be used for general corporate purposes.
- Read why Seeking Alpha contributor Donovan Jones calls Sotera Health ( SHC ) a hold.
For further details see:
Sotera Health upsizes revolving credit facility to $423.8M