Mirion finalizes $34 million add-on term loan B at 99.75 OID

By Sara Rosenberg

New York, June 28 – Mirion Technologies Inc. set the original issue discount on its fungible $34 million covenant-lite add-on term loan B due March 6, 2026 at 99.75, the tight end of the 99.5 to 99.75 talk, according to a market source.

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

The add-on term loan has 101 soft call protection through September, which matches the call protection on the existing term loan, and amortization of 1% per annum.

Morgan Stanley Senior Funding Inc. is the bookrunner on the deal.

Proceeds will be used to fund tuck-in acquisitions and pay related fees and expenses.

Closing is expected during the week of July 8.

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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