Mirion raises $150M from T. Rowe Price at $8.75/share; updates 2023 adjusted FCF guidance to $58M-$78M

Mirion Technologies, Inc.

T. Rowe Price funds invest $150M for 17.14M shares at $8.75/share (closing price on Feb 17).
Mirion to use ~$125M to repay debt, targeting net leverage ratio of ~3.1x by end of 2023.
Updated 2023 adjusted free cash flow guidance raised to $58M-$78M due to lower interest expense.
Net interest expense expected ~$60M; shares outstanding ~197M (Class A common).
Offering expected to close Feb 23, 2023, subject to customary conditions.

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