Sterigenics expected to sell $450 million senior notes in late April or early May

By Paul A. Harris

Portland, Ore., April 27 – Sterigenics-Nordion Holdings LLC is expected to come to the high-yield market with a $450 million offering of senior notes in late April or early May, according to a market source.

J.P. Morgan Securities LLC is expected to lead the deal.

Proceeds will be used to help fund the company’s recapitalization with Warburg Pincus and GTCR.

The debt financing also includes a $1.2 billion credit facility (B1), which features a $1.05 billion seven-year term loan that launched at a bank meeting on Monday.

Sterigenics is an Oak Brook, Ill.-based provider of contract sterilization, gamma technologies and medical isotopes.

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