secwatch.observer — SEC 8-K summary
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Issuer:     Varex Imaging Corp (VREX)
CIK:        0001681622
Form:       8-K
Filed at:   2024-12-17T23:59:59+00:00
Accession:  0001681622-24-000104
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1681622/000168162224000104/0001681622-24-000104-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1681622/000168162224000104/vrex-20241213.htm
  HTML page:      https://secwatch.observer/filing/0001681622-24-000104

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