Mirion Technologies Completes $400M Convertible Notes Offering

Mirion Technologies ( (MIR) ) has shared an announcement.

On May 23, 2025, Mirion Technologies completed a private offering of $400 million in 0.25% Convertible Senior Notes due 2030, which was increased from the initially planned $300 million. The proceeds will be used for capped call transactions, repaying term loans, repurchasing shares, and general corporate purposes. The notes are convertible under specific conditions and include capped call transactions to mitigate potential stock dilution. This strategic financial move aims to strengthen Mirion’s capital structure and enhance its market positioning.

The most recent analyst rating on (MIR) stock is a Buy with a $12.00 price target. To see the full list of analyst forecasts on Mirion Technologies stock, see the MIR Stock Forecast page.

Spark’s Take on MIR Stock

According to Spark, TipRanks’ AI Analyst, MIR is a Outperform.

Mirion Technologies presents a solid growth trajectory with strong revenue growth, improved margins, and reduced debt, enhancing its financial stability. Positive technical indicators and strong earnings call highlights reinforce a favorable outlook. However, the negative P/E ratio and challenges in achieving consistent profitability temper the score, with strategic initiatives and market opportunities offering potential for future improvement.

To see Spark’s full report on MIR stock, click here.

More about Mirion Technologies

Mirion Technologies operates in the technology industry, focusing on providing radiation detection, measurement, and monitoring solutions. The company is known for its advanced products and services that cater to various sectors, including nuclear power, medical, and defense markets.

Average Trading Volume: 1,982,677

Technical Sentiment Signal: Buy

Current Market Cap: $4.13B

For an in-depth examination of MIR stock, go to TipRanks’ Stock Analysis page.