By Chris Wack

Mirion Technologies shares were 5% higher, at $18.37, after the company priced $350 million of 0.25% convertible senior notes due 2030 in a private placement.

The size of the offering was increased from a previously announced $300 million of notes.

In connection with the offering, the company granted the initial purchasers of the notes an option to buy up to an additional $50 million of notes. The offering is expected to close Friday.

The notes will be general unsecured obligations of Mirion, and will accrue interest payable semiannually on June 1 and Dec. 1 of each year, beginning Dec. 1, 2025, at a rate of 0.25% a year.

The notes will mature June 1, 2030, unless earlier converted, redeemed or repurchased.

Mirion estimates that the proceeds from the offering will be $339.1 million, or $387.7 million if the initial purchasers exercise their option to purchase additional Notes in full.

Write to Chris Wack at chris.wack@wsj.com

(END) Dow Jones Newswires

May 21, 2025 10:25 ET (14:25 GMT)

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