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The latest announcement is out from Varex Imaging Corporation (VREX).
Varex Imaging Corporation and its associated entities secured a senior secured credit facility worth up to $155 million with Zions Bancorporation, which will mature in September 2027. This new credit line, offering flexible interest rates tied to the SOFR plus a margin and carrying various commitment fees, replaces an older facility with Bank of America. The funds are allocated for general corporate needs, including potential debt repayment. The agreement imposes certain operational restrictions on the company but allows for voluntary prepayments and is backed by first and second lien assets of Varex Imaging.
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