Varex announces closing of revolving credit facility of $155 million

Varex Imaging Corporation announced it has entered into a senior secured revolving credit agreement for an initial aggregate principal amount of up to $155 million. Zions Bancorporation, N.A. acted as lead arranger and bookrunner for the new RLOC Facility. Simultaneously, Varex terminated its existing senior secured asset-based revolving credit agreement.

“We are pleased to have successfully closed the revolving credit facility,” said Sam Maheshwari, Chief Financial Officer of Varex Imaging Corporation. “The additional liquidity provides funds to address working capital and other general corporate purposes, including potential repayment of debt,” added Maheshwari.

Additional information concerning the RLOC Facility is disclosed in Varex’s Form 8-K filed with the Securities and Exchange Commission today, March 27, 2024.
MB Bureau