Sotera Health Announces Pricing of Initial Public Offering Nasdaq:SHC


CLEVELAND, Nov. 19, 2020 (GLOBE NEWSWIRE) — Sotera Well being Firm at this time introduced the pricing of its preliminary public providing (IPO) of 46,600,00zero shares of its widespread inventory at a worth to the general public of $23.00 per share. The gross proceeds of the providing are anticipated to be roughly $1.1 billion, earlier than deducting underwriting reductions and commissions and providing bills. The Firm has granted the underwriters a 30-day choice to buy as much as an extra 6,990,00zero shares.

The shares are anticipated to start buying and selling on the Nasdaq International Choose Market on November 20, 2020, below the image SHC. The providing is anticipated to shut on November 24, 2020, topic to customary closing situations.

J.P. Morgan, Credit score Suisse, Goldman Sachs & Co. LLC and Jefferies are appearing as joint lead book-running managers and as representatives of the underwriters for the providing. Barclays, Citigroup and RBC Capital Markets are appearing as joint book-running managers for the providing. BNP PARIBAS, KeyBanc Capital Markets, Residents Capital Markets, ING, Academy Securities, Loop Capital Markets, Penserra Securities LLC, Siebert Williams Shank and Tigress Monetary Companions are appearing as co-managers for the providing.

The providing is being made solely by the use of a prospectus. Copies of the ultimate prospectus regarding the providing could also be obtained, when accessible, from: J.P. Morgan Securities, LLC, Consideration: Broadridge Monetary Options, 1155 Lengthy Island Avenue, Edgewood, NY 11717, by phone at 1-866-803-9204 or by e-mail at prospectus-eq_fi@jpmchase.com; Credit score Suisse Securities (USA), LLC, Consideration: Prospectus Division, 6933 Louis Stephens Drive, Morrisville, NC 27560, by phone at (800) 221-1037, or by e-mail at usa.prospectus@credit-suisse.com; Goldman Sachs & Co. LLC, Consideration: Prospectus Division, 200 West Road, New York, NY 10282, by phone 1-866- 471-2526 or by e-mail at Prospectus-ny@ny.e-mail.gs.com; or Jefferies LLC, Consideration: Fairness Syndicate Prospectus Division, 520 Madison Avenue, 2nd Ground, New York, NY 10022, by phone 1-877-821-7388 or by e-mail at Prospectus_Department@Jefferies.com.

A registration assertion relating to those securities was declared efficient as of November 19, 2020 by the Securities and Trade Fee.

This press launch shall not represent a proposal to promote, or the solicitation of a proposal to purchase these securities, nor shall there be any sale of, these securities in any state or jurisdiction during which such supply, solicitation or sale could be illegal previous to registration or qualification below the securities legal guidelines of any such state or jurisdiction.

Ahead-looking Assertion:

Statements on this press launch relating to the Firm that aren’t historic details are forward-looking statements that contain dangers and uncertainties. Sure of those dangers and uncertainties are described within the Firm’s registration assertion on Type S-1 filed with the SEC, together with below the headings of “Danger Elements” and “Cautionary Be aware Relating to Ahead-Wanting Statements” within the registration assertion. Ahead-looking statements made on this launch communicate solely as of the date of this launch, and the Firm undertakes no obligation to replace the knowledge contained on this press launch to replicate subsequently occurring occasions or circumstances, besides as required by legislation.

About Sotera Well being:

Sotera Well being Firm is a number one world supplier of mission-critical end-to-end sterilization options and lab testing and advisory companies for the healthcare business. Sotera Well being goes to market by way of three companies Sterigenics, Nordion and Nelson Labs. Sotera Well being is dedicated to its mission, Safeguarding International Well being.

CONTACTS:

Supply: Sotera Well being Firm



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