debt
confidence medium
sentiment positive
materiality 0.55
Mirion allocates $694.6M term loan tranche to refinance existing debt, maturing 2028
Mirion Technologies, Inc.
- $694.625M replacement term loans allocated, maturing in 2028; expected close in Q2 2024.
- Applicable Margin: 2.25% for Term SOFR Loans and 1.25% for ABR Loans.
- No upfront fees and SOFR credit spread adjustment of 0.00% on Replacement Term Loans.
- Proceeds will refinance all outstanding Initial Term Loans under existing Credit Agreement.
- Transaction subject to conditions; no assurance of successful completion given.