Brief: STERIS To Sell Dental Segment To An Affiliate Of Peak Rock Capital

Steris

11/04/2024 12:01

April 11 (Reuters) - STERIS plc  STE.N :
    * STERIS TO SELL DENTAL SEGMENT TO AN AFFILIATE OF PEAK ROCK
CAPITAL
    * STERIS PLC - PROPOSED DEAL FOR FOR $787.5 MILLION
    * STERIS PLC: PROCEEDS PRIMARILY TO BE USED TO REPAY DEBT
    * STERIS PLC - STERIS INTENDS TO USE PROCEEDS PRIMARILY TO
REPAY
DEBT
    * STERIS PLC: TRANSACTION IS STRUCTURED AS AN EQUITY SALE
    * STERIS PLC: ON A FULL YEAR RUN RATE BASIS, EXPECTS
RESULTING
BENEFIT OF REDUCTION IN INTEREST EXPENSE TO BE APPROXIMATELY
$0.35 PER DILUTED SHARE

Source text for Eikon:  ID:nGNX9XVjdJ 
Further company coverage:  STE.N 

 ((Reuters.Briefs@thomsonreuters.com;))