Welcome to our dedicated page for Varex Imaging news (Ticker: VREX), a resource for investors and traders seeking the latest updates and insights on Varex Imaging stock.
Varex Imaging Corporation reports developments tied to its X-ray imaging component business, including X-ray tubes, digital detectors, connecting devices, imaging software and industrial X-ray systems. Company news commonly covers results from its Medical and Industrial segments, demand trends in CT products, cargo security systems and photon counting detectors, and updates for products used by global OEM manufacturers in medical, industrial and security imaging applications.
Recurring announcements also include earnings releases and conference calls, investor conference participation, and capital-structure actions such as the refinancing of secured debt and redemption of senior secured notes.
Varex Imaging Corporation (Nasdaq: VREX) has priced a private offering of $300 million in senior secured notes due 2027, with a yield of 7.875%. The net proceeds will be used to repay existing credit facility obligations and for general corporate purposes. The offering is set to close on September 30, 2020, and is accompanied by a potential $100 million asset-based revolving credit facility, though its effectiveness is uncertain. The notes will be secured by various assets, and are being offered under regulations that limit their resale.