Stericycle Completes Major Merger and Structural Overhaul

The latest update is out from Stericycle ( (SRCL) ).

In a significant financial move, Stericycle has fully repaid and terminated its $1.04 billion credit agreement as part of a merger, leading to the delisting of its shares from Nasdaq. This merger marks a change in control, as Stericycle becomes an indirect subsidiary of its new parent company, and sees a complete overhaul of its board and executive team. Additionally, Stericycle has amended its corporate structure, adopting the bylaws of the merger subsidiary, signaling a fresh start for the company in the financial markets.

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