Mirion talks $830 million term loan B at Libor plus 350 bps

By Sara Rosenberg

New York, Sept. 22 – Mirion Technologies Inc. launched on Wednesday its $830 million seven-year first-lien term loan B (B) with price talk of Libor plus 350 basis points with a 0.5% Libor floor and an original issue discount of 99, according to a market source.

The term loan has 101 soft call protection for six months and amortization of 1% per annum, the source said.

Goldman Sachs Bank USA, Citigroup Global Markets Inc., JPMorgan Chase Bank and Jefferies LLC are the arrangers on the deal.

Commitments are due on Oct. 5, the source added.

Proceeds will be used with balance sheet cash, cash held in trust and PIPE proceeds to pay down existing debt, add cash to balance sheet, and fund the business combination of GS Acquisition Holdings Corp. II with the ultimate parent company of Mirion Technologies Inc.

Closing is expected this year, subject to certain conditions, including regulatory approvals and approval by GS Acquisition stockholders.

Mirion, currently a Charterhouse Capital Partners LLP portfolio company, is an Atlanta-based provider of mission-critical radiation detection and measurement solutions.

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