Mirion Technologies Inc. will acquire Meriden, Conn-based Canberra Industries from French nuclear company Areva S.A. The transaction will be funded by incremental first- and second-lien term loans, as well as increased capital injections from Mirion's existing private equity sponsor, Charterhouse Capital Partners. We expect the transaction to boost leverage metrics and are, therefore, affirming our 'B' corporate credit rating on Mirion Technologies Inc. and revising our rating outlook on the company to stable from negative. At the same time, we are affirming our 'B' issue-level rating on the company's first-lien term loan facilities. The recovery rating on the debt remains '3'. We are also affirming our 'B-' issue-level rating on the company's second-lien term loan facilities. The recovery rating on
