Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers M > Headlines for Mirion Technologies Inc. > News item |
Mirion readies launch of $210 million add-on term loan B for Friday
By Sara Rosenberg
New York, Nov. 12 – Mirion Technologies Inc. is scheduled to hold a lender call at 9:30 a.m. ET on Friday to launch a fungible $210 million add-on covenant-lite first-lien term loan B due March 6, 2026, according to a market source.
Morgan Stanley Senior Funding Inc., Goldman Sachs Bank USA and HSBC Securities (USA) Inc. are the joint lead arrangers and bookrunners on the deal.
Original issue discount talk on the add-on term loan is 98.8, the source said.
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.
Commitments are due at noon ET on Nov. 20, the source added.
Proceeds will be used to fund the acquisition of Sun Nuclear and pay related fees and expenses.
Mirion Technologies is a San Ramon, Calif.-based provider of radiation detection, measurement, analysis and monitoring solutions to the nuclear power, defense, medical and research end markets.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.