secwatch.observer — SEC 8-K summary
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Issuer:     Varex Imaging Corp (VREX)
CIK:        0001681622
Form:       8-K
Filed at:   2026-03-16T23:59:59+00:00
Accession:  0001681622-26-000035
Event type: debt
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 1.02, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Varex closes $490M credit facility, redeems $368M 7.875% notes due 2027
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- New facility includes $350M term loan, $100M revolver, $40M delayed draw; matures March 13, 2031.
- Redeemed all $368M of 7.875% Senior Secured Notes due 2027; used $42M cash including $7M call premium.
- Borrowings at SOFR + 2.50% margin (3.65% fixed via swap); expected to reduce annualized interest by >$7M.
- Terminated existing $155M revolver; no outstanding borrowings at termination.
- CFO Maheshwari says refinancing strengthens balance sheet and improves cost of capital.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1681622/000168162226000035/0001681622-26-000035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1681622/000168162226000035/vrex-20260313.htm
  HTML page:      https://secwatch.observer/filing/0001681622-26-000035

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