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.

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