secwatch.observer — SEC 8-K summary
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Issuer:     Varex Imaging Corp (VREX)
CIK:        0001681622
Form:       8-K
Filed at:   2024-12-23T23:59:59+00:00
Accession:  0001681622-24-000119
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 1.02, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1681622/000168162224000119/0001681622-24-000119-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1681622/000168162224000119/vrex-20241220.htm
  HTML page:      https://secwatch.observer/filing/0001681622-24-000119

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