Mirion Technologies launches $278 million term loan repricing

By Paul A. Harris

Portland, Ore., April 1 - Mirion Technologies, Inc. launched a $278 million repricing of its first-lien term loan due in March 2018 (B2/B) on Monday, according to a market source.

The deal, which is offered at par, reduces the Libor spread to 450 basis points from 500 bps. The Libor floor remains unchanged at 1.25%. There is one-year soft call protection at 101.

Credit Suisse Securities (USA) LLC is arranging the transaction.

The original $225 million loan was syndicated in the first quarter of 2012.

An $80 million add-on came in February.

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

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