Mirion Technologies, Tank Holding free up; Select Medical tweaked; Aramark accelerated

By Sara Rosenberg

New York, Dec. 5 – Mirion Technologies Inc. and Tank Holding Corp. tightened issue prices on their add-on first-lien term loans, and then both deals allocated and freed to trade on Thursday afternoon.

Mirion modified the issue price on its fungible $66 million add-on covenant-lite first-lien term loan B due March 6, 2026 to par from talk of 99.75.

The add-on term loan is priced at Libor plus 400 basis points with a 0% Libor floor.

Recommitments were due at 11 a.m. ET on Thursday and the add-on term loan was quoted in trading at par 1/8 bid, par 5/8 offered in the afternoon.

Tank tightened the original issue discount on its fungible $30 million add-on covenant-lite first-lien term loan B due March 26, 2026 to 99.875 from talk in the range of 99.5 to 99.75.

Pricing on the add-on term loan is Libor plus 400 bps with a 0% Libor floor.

Recommitments were due at 11 a.m. ET on Thursday and, later in the day, the add-on term loan was quoted at par bid, par ½ offered in the secondary market.

In more happenings, Select Medical Corp. revised the issue price on its add-on term loan, and Aramark Services Inc. moved up the commitment deadline for its term loan.

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