Milbank, Tweed, Hadley & McCloy LLP represented the lenders and underwriters in the $175 million financing by Sotera Health Topco, Inc.
The financing consisted of two parts: a $75 million bond offering of senior PIK toggle notes and a $100 million incremental term loan. The proceeds will be used to pay a dividend to owners of the issuer.
Sotera Health Topco, formerly known as Sterigenics-Nordion Topco, LLC, is a leading global provider of contract sterilization and lab services for the medical device industry, the world’s leading supplier of Co-60 and a leading supplier of medical isotopes.
The Milbank Global Leveraged Finance and Global Capital Markets teams who advised on the transaction include partners Michael Bellucci and Paul Denaro; special counsel Lesley Janzen; associates Michael Volodarsky, Ben Eisenstein, Robert (Bodie) Stewart, Savannah Harms and Alexander Youssef. Partner Eschi Rahimi-Laridjani and associate Jules Mugema advised on tax matters.
