Mirion changes $66 million add-on term loan issue price to par

By Sara Rosenberg

New York, Dec. 5 – Mirion Technologies Inc. revised the issue price on its fungible $66 million add-on covenant-lite first-lien term loan B due March 2026 to par from talk of 99.75, according to a market source.

Pricing on the add-on term loan is Libor plus 400 basis points with a 0% Libor floor.

Amortization on the add-on term loan is 1% per annum.

Morgan Stanley Senior Funding Inc. and HSBC Securities (USA) Inc. are the joint lead arrangers and bookrunners on the deal.

Recommitments were scheduled to be due at 11 a.m. ET on Thursday, the source said.

Proceeds will be used to fund tuck-in acquisitions, for general corporate purposes and to pay related fees and expenses.

Mirion Technologies is a provider of radiation detection, measurement, analysis and monitoring products to nuclear power, medical, military, and homeland security markets.

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