Bulletin: Mirion Technologies Inc. Adds $34 Million To Its First-Lien Term Loan For Acquisitions That Should Improve Earnings - S&P Global Ratings’ Credit Research

Bulletin: Mirion Technologies Inc. Adds $34 Million To Its First-Lien Term Loan For Acquisitions That Should Improve Earnings

Bulletin: Mirion Technologies Inc. Adds $34 Million To Its First-Lien Term Loan For Acquisitions That Should Improve Earnings - S&P Global Ratings’ Credit Research
Bulletin: Mirion Technologies Inc. Adds $34 Million To Its First-Lien Term Loan For Acquisitions That Should Improve Earnings
Published Jun 27, 2019
2 pages (1008 words) — Published Jun 27, 2019
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Abstract:

NEW YORK (S&P Global Ratings) June 27, 2019--S&P Global Ratings today said that its ratings on San Ramon, Calif.–based nuclear measurement solutions provider Mirion Technologies Inc. are unaffected by the proposed $34 million add-on term loan. The issue-level rating on the term loan remains 'B' with a '3' recovery rating, which indicates our expectation for meaningful recovery (50%-70%; rounded estimate: 50%) of principal in the event of a payment default. Our 'B' issuer credit rating and stable outlook on Mirion are also unchanged. The $34 million will increase the existing $450 million term loan due 2026 to a total of $484 million. The company will use the proceeds from this incremental debt primarily to fund tuck-in acquisitions, and we expect

  
Report Type:

Bulletin

Ticker
MION
Issuer
Mirion Technologies Inc.
GICS
Electronic Equipment Manufacturers (45203010)
Sector
Global Issuers
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Bulletin: Mirion Technologies Inc. Adds $34 Million To Its First-Lien Term Loan For Acquisitions That Should Improve Earnings" Jun 27, 2019. Alacra Store. May 20, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Mirion-Technologies-Inc-Adds-34-Million-To-Its-First-Lien-Term-Loan-For-Acquisitions-That-Should-Improve-Earnings-2257600>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: Mirion Technologies Inc. Adds $34 Million To Its First-Lien Term Loan For Acquisitions That Should Improve Earnings Jun 27, 2019. New York, NY: Alacra Store. Retrieved May 20, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Mirion-Technologies-Inc-Adds-34-Million-To-Its-First-Lien-Term-Loan-For-Acquisitions-That-Should-Improve-Earnings-2257600>
  
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