Mirion refinances term loans with new $450 million tranche maturing in 2032
Mirion Technologies entered into Amendment No. 5 to its credit agreement on June 5, 2025, adding a new $450 million tranche of term loans maturing June 5, 2032. Proceeds, along with other cash sources, were used to refinance all term loans outstanding under the prior agreement. The amendment also loosens certain covenants, including greater flexibility for dividends, dispositions, investments, and additional debt and liens.
Key points
- New Replacement Term Loans total $450 million and mature June 5, 2032
- Applicable margin is 2.25% for Term SOFR loans and 1.25% for ABR loans, with a 25 basis point reduction tied to Ba3/BB- ratings
- Prepayment premium of 1% applies if repriced within six months of the amendment date
- Amendment adds flexibility for dividends, dispositions, investments, debt and liens
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:00 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 05, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.