Varex Imaging Corp Files 8-K: Material Definitive Agreement

TL;DR

Varex Imaging signed a big deal, check the 8-K for details.

AI Summary

On December 13, 2024, Varex Imaging Corporation entered into a Material Definitive Agreement. The filing also includes information on other events and financial statements/exhibits. The company is incorporated in Delaware and headquartered in Salt Lake City, Utah.

Why It Matters

This 8-K filing indicates Varex Imaging Corporation has entered into a significant new agreement, which could impact its business operations and financial performance.

Risk Assessment

Risk Level: medium — Material definitive agreements can introduce new risks or opportunities that may affect the company's future performance.

Key Players & Entities

• Varex Imaging Corporation (company) — Registrant
• December 13, 2024 (date) — Date of earliest event reported
• Delaware (jurisdiction) — State of incorporation
• Salt Lake City, Utah (location) — Principal executive offices

FAQ

Key Financial Figures

• $125 million — 027 in an aggregate principal amount of $125 million (the "Additional Notes") in a transacti
• $300 million — to which the Company previously issued $300 million aggregate principal amount of 7.875% se
• $243 million — senior secured notes due 2027 of which $243 million is currently outstanding (the "Existing

Filing Documents

• vrex-20241213.htm (8-K) — 31KB
• exhibit101-amendmentno2toc.htm (EX-10.1) — 94KB
• exhibit991-announcementpre.htm (EX-99.1) — 15KB
• exhibit992-pricingpressrel.htm (EX-99.2) — 15KB
• image_0.jpg (GRAPHIC) — 67KB
• image_0a.jpg (GRAPHIC) — 49KB
• 0001681622-24-000104.txt ( ) — 461KB
• vrex-20241213.xsd (EX-101.SCH) — 2KB
• vrex-20241213_lab.xml (EX-101.LAB) — 21KB
• vrex-20241213_pre.xml (EX-101.PRE) — 12KB
• vrex-20241213_htm.xml (XML) — 3KB

01 Entry into a material Definitive Agreement

Item 1.01 Entry into a material Definitive Agreement. On December 13, 2024, Varex Imaging Corporation (the "Company") entered into Amendment No. 2 to Revolving Credit and Guaranty Agreement (the Amendment"), which amends the Revolving Credit and Guaranty Agreement, dated as of March 26, 2024 (the "Credit Agreement"), each by and among the Company, Varex Imaging West, LLC, a Delaware limited liability company, Varex Imaging Deutschland AG, a German stock corporation, the other Loan Parties (as defined in the Credit Agreement) party thereto, the financial institutions party thereto (collectively, the "Lenders" and each individually, a "Lender"), and Zions Bancorporation, N.A. DBA Zions First National Bank ("Zions"), in its capacity as administrative agent and collateral agent for the Lenders. The Amendment, among other things, permits the Company to issue the Additional Notes (as defined below), as further described in Item 8.01 below. The foregoing description of the Amendment is a summary and is qualified in its entirety by reference to the Amendment, a copy of which is attached hereto as Exhibit 10.1 and which is incorporated herein by reference.

01 Other Events

Item 8.01 Other Events On December 16, 2024, the Company announced the offering and pricing of its 7.875% senior secured notes due 2027 in an aggregate principal amount of $125 million (the "Additional Notes") in a transaction exempt from registration under the Securities Act of 1933, as amended (the "Securities Act"). Subject to customary closing conditions, the Additional Notes will be issued as additional notes under the Indenture dated as of September 30, 2020 (to be amended and supplemented by a supplemental indenture) (the "Indenture"), pursuant to which the Company previously issued $300 million aggregate principal amount of 7.875% senior secured notes due 2027 of which $243 million is currently outstanding (the "Existing Notes"), and will be part of the same issue as the Existing Notes under the Indenture. Copies of the press releases issued in connection with the foregoing are attached to this Current Report on Form 8-K as Exhibits 99.1 and 99.2 and incorporated herein by reference.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Exhibit Description 10.1 Amendment No. 2 to Revolving Credit and Guaranty Agreement, among the Company, Varex Imaging West, LLC, Varex Imaging Deutschland AG, the other Loan Parties party thereto and Zions Bancorporation, N.A. DBA Zions First National Bank. 99.1 Press Release dated December 16, 2024 announcing a private offering of the Additional Notes 99.2 Press Release dated December 17, 2024 announcing the pricing of the Additional Notes. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. VAREX IMAGING CORPORATION Dated: December 17, 2024 By: /s/ KIMBERLEY E. HONEYSETT Kimberley E. Honeysett Senior Vice President, Chief Legal Officer and Corporate Secretary

View Full Filing

View this 8-K filing on SEC EDGAR