Varex closes $125M 7.875% senior secured notes due 2027 for convertible note repayment

Varex Imaging Corp

$125M aggregate principal at 101.5% of par, 7.875% coupon, maturing 2027.
Net proceeds ~$124M to partially repay $200M convertible notes due June 2025.
Additional notes are part of same issue as existing $300M notes ($243M outstanding).
Company to terminate unused $20M equipment credit agreement post-closing.
CFO states offering preserves availability under revolving credit facility.

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