debt
confidence high
sentiment neutral
materiality 0.65
Mirion proposes $300M convertible notes due 2030, plans $450M term loan refinancing
Mirion Technologies, Inc.
- Offering of $300M aggregate principal amount of Convertible Senior Notes due 2030; initial purchasers have option for additional $45M.
- Proceeds to repay $250M of existing term loans, repurchase up to $50M of Class A common stock, and pay for capped call transactions.
- Intends to seek Refinancing Amendment for $450M Replacement Term Loans maturing 2032 to refinance existing term loans.
- Capped call transactions expected to reduce dilution upon conversion; interest rate and conversion terms to be determined at pricing.
- Notes offered as a private placement under Rule 144A; not registered under Securities Act or state securities laws.
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