Varex prices $125M add'l 7.875% senior secured notes due 2027 to repay convertible notes

Varex Imaging Corp

$125M aggregate principal of 7.875% senior secured notes due Oct 2027 priced at 101.5% of par.
Proceeds to fund partial repayment of outstanding Convertible Notes due June 2025.
Notes are additional issuance under existing indenture; $243M of original $300M notes still outstanding.
Closing expected Dec 20, 2024; Varex also intends to terminate $20M Equipment Credit Agreement.
Notes are senior secured, guaranteed by subsidiaries, with first and second liens on specified assets.

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