Mirion Technologies ups add-on term loan to $80 million, tightens OID

By Sara Rosenberg

New York, Feb. 12 - Mirion Technologies lifted its first-lien add-on term loan due March 2018 to $80 million from $70 million and revised the original issue discount to 99½ from 99, according to a market source.

Pricing on the add-on is still Libor plus 500 basis points with a 1.25% Libor floor.

The spread and floor match existing term loan pricing, and the add-on has the same 101 soft call protection through March 2013 as the existing loan.

Credit Suisse Securities (USA) LLC is the lead bank on deal.

Proceeds will be used to fund a share repurchase.

Mirion is a San Ramon, Calif.-based provider of mission-critical products to detect, monitor and identify radiation.

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