Form 8-K · Current report
Steris 8-K, filed Nov 4, 2026
- Filed
- CIK
- 0001757898
- Accession no.
- 0001193125-26-447617
Summary
STERIS plc entered into a new $1.6 billion revolving credit facility and a $500 million delayed draw term loan with J.P. Morgan SE and JPMorgan Chase Bank as administrative agents. The term loan is available only if STERIS completes its acquisition of Xodus Medical, Inc.
Key points
- The new revolver replaces STERIS's existing credit agreement dated October 7, 2024, with no borrowings incurred at closing to refinance it.
- The revolver matures November 4, 2031, allows an incremental commitment increase of up to $800 million, and caps alternative-currency advances at $625 million in aggregate.
- The $500 million delayed draw term loan cannot be drawn unless the acquisition of Xodus Medical, Inc. is consummated, and its commitments terminate if that deal is validly terminated or an outside date passes.
- All lenders under the delayed draw term loan are also lenders under the new revolver.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 1.01Entry into a Material Definitive Agreement
- 1.02Termination of a Material Definitive Agreement
- 2.03Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
- 9.01Financial Statements and Exhibits
From the filing
Item 1.01 Entry into a Material Definitive Agreement. New Revolving Credit Agreement On November 4, 2026, STERIS plc (“STERIS”), STERIS Corporation (“Corporation”), STERIS Limited (“Limited”) and STERIS Irish FinCo Unlimited Company (“FinCo”), each as a borrower and guarantor, entered into a credit agreement (the “New Revolving Credit Agreement”) with various financial institutions and each of J.P. Morgan SE and JPMorgan Chase Bank, N.A., as administrative agents, providing for a $1,600 million revolving credit facility (the “Revolver”), which replaces the existing credit agreement, dated as of October 7, 2024 (the “Existing Revolving Credit Agreement”). …
An excerpt of the text as filed with the SEC, cut for length.
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