secwatch.observer — SEC 8-K summary
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Issuer:     Varex Imaging Corp (VREX)
CIK:        0001681622
Form:       8-K
Filed at:   2024-03-27T23:59:59+00:00
Accession:  0001681622-24-000052
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 1.02, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1681622/000168162224000052/0001681622-24-000052-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1681622/000168162224000052/vrex-20240326.htm
  HTML page:      https://secwatch.observer/filing/0001681622-24-000052

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