---
schema_version: "secwatch.filing_event.v1"
accession: "0001681622-24-000083"
form_type: "8-K"
ticker: "VREX"
cik: "0001681622"
company_name: "Varex Imaging Corp"
filed_at: "2024-09-11T23:59:59+00:00"
generated_at: "2026-05-31T05:27:28.432640+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Varex amends credit agreement to relax covenants on convertible note payments and leverage

## Summary
- Amendment dated Sept 11, 2024 with Zions Bancorporation modifies Payment Conditions to allow restricted payments up to greater of 50% of CNI or $50M when leverage >2.50x.
- Fixed Charge Coverage Ratio definition now excludes up to $200M in convertible note payments for covenant measurement.
- For Q4 FY2024 and Q1/Q2 FY2025, cash deduction for leverage ratio calculation increased from $100M to $150M.

## SEC filing metadata
- accession: 0001681622-24-000083
- form_type: 8-K
- ticker: VREX
- cik: 0001681622
- company_name: Varex Imaging Corp
- filed_at: 2024-09-11T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1681622/000168162224000083/0001681622-24-000083-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1681622/000168162224000083/vrex-20240911.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001681622-24-000083
- JSON: https://secwatch.observer/filing/0001681622-24-000083.json
- Plain text: https://secwatch.observer/filing/0001681622-24-000083.txt

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