Mirion Technologies, Inc. (MIR): debt financing — Mirion prices upsized $400M 0.25% convertible notes due 2030; repays $250M term loan

Mirion Technologies, Inc.

$400M aggregate principal (including $50M option exercise) of 0.25% convertible senior notes due 2030.
Initial conversion price ~$23.11 per share, a 32.5% premium to $17.44 closing price.
Net proceeds ~$387.7M; used $44.6M for capped calls, $250M to repay term loan, $31M for share repurchase at $17.44.
Capped call transactions cap dilution at $34.88 per share (100% premium); cannot redeem notes before June 2028.
Notes mature June 1, 2030; interest 0.25% payable semiannually starting Dec 1, 2025.

item 1.01 item 2.03 item 3.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Mirion Technologies, Inc. incurred convertible notes of $400.0 million aggregate principal amount of 0.25% Convertible Senior Notes due 2030 with U.S. Bank Trust Company, National Association at 0.25% maturing June 1, 2030.

Instrument: convertible notes
Principal: $400.0 million aggregate principal amount of 0.25% Convertible Senior Notes due 2030
Counterparty: U.S. Bank Trust Company, National Association
Rate: 0.25%
Maturity: June 1, 2030
Event: incurrence

Exact text from the filing

On May 23, 2025, Mirion Technologies, Inc. (the “Company”) completed its previously announced private offering (the “Offering”) of $400.0 million aggregate principal amount of 0.25% Convertible Senior Notes due 2030 (the “Notes”), which includes the exercise in full of the initial purchasers’ option to purchase up to an additional $50.0 million principal amount of Notes.

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Mirion Technologies, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-25-027605

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