Mirion Technologies Inc. 'B' Rating Affirmed; New Debt Rated; Outlook Stable

San Ramon, Calif.-based nuclear measurement and detection system provider Mirion Technologies Inc. announced plans to refinance its debt with new senior secured credit facilities comprising a $90 million revolving credit facility and $450 million and €125 million first-lien term loans. We are affirming our 'B' issuer credit rating on Mirion. At the same time, we are assigning our 'B' issue-level rating and '3' recovery rating to the company's proposed revolving credit facility and first-lien term loans. We will withdraw our issue-level rating on the company's existing debt at the close of the transaction. The stable outlook reflects our belief that the company's expected revenue growth and operational improvements will allow it to maintain above-average EBITDA margins and adjusted debt to

...+ San Ramon, Calif.-based nuclear measurement and detection system provider Mirion Technologies Inc. announced plans to refinance its debt with new senior secured credit facilities comprising a $90 million revolving credit facility and $450 million and 125 million first-lien term loans. + We are affirming our 'B' issuer credit rating on Mirion. + At the same time, we are assigning our 'B' issue-level rating and '3' recovery rating to the company's proposed revolving credit facility and first-lien term loans. We will withdraw our issue-level rating on the company's existing debt at the close of the transaction. + The stable outlook reflects our belief that the company's expected revenue growth and operational improvements will allow it to maintain above-average EBITDA margins and adjusted debt to EBITDA below 6.5x over the next 12 months. CENTENNIAL (S&P Global Ratings) Feb. 12, 2019--S&P Global Ratings today took the rating actions listed above. The rating affirmation reflects the modest...

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