Mirion Technologies, Inc. (MIR): debt financing — Mirion refinances $450M term loans with new 2032 tranche; improved pricing and covenant flexibility

Mirion Technologies, Inc.

New $450M Replacement Term Loans maturing June 5, 2032; proceeds refinance all existing term loans.
Applicable margin: 2.25% (SOFR) or 1.25% (ABR), with 25bps reduction upon achieving Ba3/BB- ratings.
Prepayment premium of 1% applies to repricing transactions within six months of closing.
Amendment enhances flexibility for dividends, dispositions, investments, and incurrence of debt and liens.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

Mirion Technologies, Inc. incurred term loan of $450,000,000 with Citibank, N.A at (i) 2.25% for the Replacement Term Loans that are Term SOFR Loans and (ii) 1.25% maturing June 5, 2032.

Instrument: term loan
Principal: $450,000,000
Counterparty: Citibank, N.A
Rate: (i) 2.25% for the Replacement Term Loans that are Term SOFR Loans and (ii) 1.25%
Maturity: June 5, 2032
Event: incurrence

Exact text from the filing

Collateral Agent. Capitalized terms used herein, but not otherwise defined herein are as defined in the Credit Agreement. Amendment No. 5 provides for, among other things, a new $450,000,000 tranche of term loans maturing in 2032 (the “Replacement Term Loans”), the proceeds of which (along with other cash sources) were used to refinance all Term Loans outstanding

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Mirion Technologies, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-25-029702

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