By Lisa Kerner
Charlotte, N.C., May 18 – Steris Corp. placed $350 million of senior notes with various institutional investors, according to an 8-K filing with the Securities and Exchange Commission.
The notes were issued as follows:
• $125 million of 3.45% notes, series A-1, due 2025;
• $125 million of 3.55% notes, series A-2, due 2027; and
• $100 million of 3.7% notes, series A-3, due 2030.
Proceeds will be used to repay debt and for other corporate purposes.
The notes have a make-whole call at Treasuries plus 50 basis points.
Steris is a Mentor, Ohio-based maker of contamination control and surgical support products.
| Issuer: | Steris Corp.
|
| Issue: | Senior notes
|
| Amount: | $350 million
|
| Call option: | Make-whole at Treasuries plus 50 bps
|
| Settlement date: | May 15
|
| Distribution: | Private placement
|
|
|
| Series A-1 notes
|
| Amount: | $125 million
|
| Coupon: | 3.45%
|
| Maturity: | May 14, 2025
|
|
|
| Series A-2 notes
|
| Amount: | $125 million
|
| Coupon: | 3.55%
|
| Maturity: | May 14, 2027
|
|
|
| Series A-3 notes
|
| Amount: | $100 million
|
| Coupon: | 3.7%
|
| Maturity: | May 14, 2030
|
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