Mirion lifts add-on term loan B to $225 million, revises OID to 99.25

By Sara Rosenberg

New York, Nov. 19 – Mirion Technologies Inc. upsized its fungible add-on covenant-lite first-lien term loan B (B2/B) due March 6, 2026 to $225 million from $210 million and tightened the original issue discount to 99.25 from 98.8, 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., Goldman Sachs Bank USA and HSBC Securities (USA) Inc. are the joint lead arrangers and bookrunners on the deal.

Commitments were scheduled to be due at noon ET on Thursday.

Proceeds will be used to finance the acquisition of Sun Nuclear and pay related fees and expenses, and the funds from the upsizing will be used for general corporate purposes.

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.

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