Mirion goes public after acquisition of GSAH

2020 07 20 23 40 0607 Handshake Meeting 400

Radiation monitoring firm Mirion Technologies' stock will begin trading on the New York Stock Exchange (NYSE) after the completion of the company's business combination with GS Acquisition Holdings (GSAH).

The completion of the transaction raised approximately $604 million from GSAH trust proceeds, $900 million from a fully committed common stock private placement, and $830 million from a senior secured term loan financing.

The foregoing reflects the fact that holders of approximately 5 million shares reversed their redemption status, increasing the GSAH trust proceeds expected to be available for the business combination by approximately $50 million since October 15, 2021, Mirion reported in a release.

A portion of the proceeds will be used to pay $1.3 billion to existing Mirion stockholders, to refinance approximately $909 million of existing Mirion third-party debt and to pay certain transaction expenses, the company said.

Upon completion of the transaction, GSAH changed its name to "Mirion Technologies, Inc." and was expected to begin trade on the NYSE on October 21 under the ticker symbols "MIR" and "MIRW."

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