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On June 5, 2025, Mirion IntermediateCo, Inc., along with Mirion Technologies , Inc. and Mirion Technologies , Inc., entered into Amendment No. 5 to their Credit Agreement with various lending institutions and Citibank, N.A. as the Administrative and Collateral Agent. This amendment introduces a new $450 million tranche of term loans maturing in 2032, aimed at refinancing all outstanding term loans under the existing agreement. The amendment offers a favorable interest rate structure, with potential reductions based on corporate ratings from Moody's and S&P. Additionally, the amendment provides Mirion Technologies with increased flexibility regarding dividends, investments, and debt management. 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On May 29, 2025, the company, through its subsidiaries Mirion Technologies , Inc. and Mirion Technologies , Inc., has allocated a $450 million tranche of Replacement Term Loans. These loans are set to mature in 2032, with an applicable margin of 2.25% for Term SOFR Loans and 1.25% for ABR Loans, subject to rate reductions based on corporate ratings from Moody's and S&P. The proceeds will be used to refinance all outstanding Term Loans under a Credit Agreement originally dated October 20, 2021. The transaction is anticipated to close in the second quarter of 2025, although it remains subject to certain conditions.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. 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