---
schema_version: "secwatch.filing_event.v1"
accession: "0001681622-24-000052"
form_type: "8-K"
ticker: "VREX"
cik: "0001681622"
company_name: "Varex Imaging Corp"
filed_at: "2024-03-27T23:59:59+00:00"
generated_at: "2026-06-04T07:14:26.856826+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Varex closes $155M senior secured revolving credit facility with Zions, replaces prior ABL

## Summary
- New $155M senior secured revolving credit facility matures September 26, 2027.
- Interest rate: SOFR + 2.00%-2.75% margin; base rate option; unused fee 0.30%-0.40%.
- Proceeds for working capital, general corporate purposes, potential debt repayment.
- Collateral: first lien on inventory, AR, cash; second lien on assets securing 7.875% Senior Secured Notes.
- Existing ABL credit facility terminated simultaneously with no outstanding balance.

## SEC filing metadata
- accession: 0001681622-24-000052
- form_type: 8-K
- ticker: VREX
- cik: 0001681622
- company_name: Varex Imaging Corp
- filed_at: 2024-03-27T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1681622/000168162224000052/0001681622-24-000052-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1681622/000168162224000052/vrex-20240326.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001681622-24-000052
- JSON: https://secwatch.observer/filing/0001681622-24-000052.json
- Plain text: https://secwatch.observer/filing/0001681622-24-000052.txt

## Key facts
- Debt Financings
  Varex Imaging Corp incurred revolving credit of up to $155 million with Zions Bancorporation, N.A. DBA Zions First National Bank at SOFR plus 2.00% to 2.75% maturing September 26, 2027.
  - Instrument: revolving credit
  - Principal: up to $155 million
  - Counterparty: Zions Bancorporation, N.A. DBA Zions First National Bank
  - Rate: SOFR plus 2.00% to 2.75%
  - Maturity: September 26, 2027
  - Event: incurrence
  source text: agent, the lenders named therein, the issuing banks named therein, and Zions, as lead arranger and bookrunner, providing for a senior secured revolving credit facility of up to $155 million (the “ Credit Facility ”). Simultaneous with its entry into the Credit Facility, the Company terminated its senior secured asset-based revolving credit agreement, dated as of
  evidence_url: https://www.sec.gov/Archives/edgar/data/1681622/000168162224000052/0001681622-24-000052-index.htm
- Material Agreements
  Varex Imaging Corp entered into Senior Secured Revolving Credit Agreement with Zions Bancorporation, N.A. DBA Zions First National Bank valued at $155 million (effective 2024-03-26).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Zions Bancorporation, N.A. DBA Zions First National Bank
  - Value: $155 million
  - Effective: 2024-03-26
  source text: On March 26, 2024 , Varex Imaging Corporation (the “ Company ”), Varex Imaging West, LLC (“ VI West ”) and Varex Imaging Deutschland AG (the “ German Borrower ” and together with the Company and VI West, the “ Borrowers ”) and certain guarantors party thereto (the “ Guarantors ”) entered into a senior secured revolving credit agreement, dated as of March 26, 2024 (the “ Credit Agreement ”) with Zions Bancorporation, N.A. DBA Zions First National Bank (“ Zions ”), as administrative and collateral agent, the lenders named therein, the issuing banks named therein, and Zions, as lead arranger and bookrunner, providing for a senior secured revolving credit facility of up to $155 million (the “ Credit Facility ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1681622/000168162224000052/0001681622-24-000052-index.htm
- Material Agreements
  Varex Imaging Corp terminated Senior Secured Asset-Based Revolving Credit Agreement with Bank of America N.A. valued at Terminated (effective 2024-03-26).
  - Action: termination
  - Agreement: credit facility
  - Counterparty: Bank of America N.A.
  - Value: Terminated
  - Effective: 2024-03-26
  source text: Simultaneous with its entry into the Credit Facility, the Company terminated its senior secured asset-based revolving credit agreement, dated as of September 30, 2020, with Bank of America N.A., as administrative and collateral agent, and the lenders named therein, providing for the asset-backed lending facility (the “ Existing Credit Facility ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1681622/000168162224000052/0001681622-24-000052-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.