Sotera Health Affiliates to Sell 25 Million Shares in Secondary Offering
Sotera Health affiliates Warburg Pincus and GTCR are selling 25 million shares in a secondary offering, with all proceeds going to the selling stakeholders. The company will cover all offering expenses but receive no proceeds, and Wells Fargo Securities will underwrite and distribute shares at market or negotiated prices.
1. Secondary Offering Details
Sotera Health has launched a secondary offering of 25 million shares by affiliates Warburg Pincus and GTCR, with no new shares issued by the company itself. Sotera Health will not receive any proceeds from the sale but will cover all related offering expenses under its amended registration rights agreement.
2. Underwriting and Distribution
Wells Fargo Securities is acting as the sole underwriter and will offer shares on Nasdaq, in over-the-counter markets or through negotiated transactions at market or agreed prices. The offering is conducted via a prospectus under an effective S-3 registration statement filed in February 2024.