Mirion Technologies, Janus free to trade; Quorum Business, Equinox price talk surfaces

By Sara Rosenberg

New York, Feb. 26 – Mirion Technologies Inc. trimmed the spread on its term loan B for a second time and finalized the original issue discount at the tight end of revised guidance before emerging in the secondary market on Tuesday, and Janus International Group’s term loan broke as well.

Mirion cut pricing on its $450 million seven-year covenant-light first-lien term loan B to Libor plus 400 basis points from revised talk of Libor plus 425 bps and initial talk of Libor plus 450 bps, according to a market source.

In addition, the original issue discount talk on the term loan B was set at 99.5, the tight end of revised talk of 99 to 99.5 and tight of initial talk of 98.5, the source said.

Levels for Mirion’s loan were seen at par bid, 100½ offered, a trader added.

Janus International’s non-fungible $75 million incremental first-lien term loan (B2/B+) allocated on Monday evening and broke for trading on Tuesday morning, with levels quoted at 98¾ bid, 99¼ offered, a market source said.

In more happenings, Quorum Business Solutions (QBS Parent Inc.) and Equinox Holdings Inc. released price talk with launch, and ConvergeOne Holdings Inc. (PVKG Merger Sub Inc.) is getting ready to relaunch syndication of its buyout financing transaction that was pulled last year and funded early this year.

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