other_material
confidence high
sentiment neutral
materiality 0.85
Mirion closes $410M equity & $375M convertible debt offerings for Paragon acquisition
Mirion Technologies, Inc.
- Common stock offering of 19,906,322 shares at $21.35/share, net proceeds ~$409.7M.
- 0.00% Convertible Senior Notes due 2031 priced at $375M principal, net ~$365.2M.
- Both offerings upsized from earlier announced sizes ($350M equity, $250M notes).
- Proceeds to fund $38M capped calls and planned acquisition of Paragon Energy Solutions.
- Initial conversion price ~$28.82/share, a 35% premium to the stock offering price.
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