04:29 AM EDT, 05/21/2025 (MT Newswires) -- Mirion Technologies ( MIR ) said late Tuesday it has priced an upsized offering of $350 million of 0.25% convertible senior notes due 2030 in a private placement.

The offering was increased from $300 million previously, the company said.

Mirion ( MIR ) granted the initial purchasers a 13-day option to purchase up to $50 million of additional notes. The offering is expected to close on Friday, the company said.

Mirion ( MIR ) intends to use the net proceeds to pay down debt, repurchase shares and for general corporate purposes.

The initial conversion rate of the notes is 43.2751 shares per $1,000 of notes, equivalent to an initial conversion price of about $23.11 per share, the company said.