Varex Imaging Corporation (VREX) announced on Monday the launch of an offering for $125 million in senior secured notes bearing an interest rate of 7.875%, set to mature on October 15, 2027. This new issuance will supplement the company's current $300 million in outstanding notes that share the same interest rate and maturity date.
The company, which specializes in x-ray imaging components, plans to allocate the funds raised from this offering to partially repay its outstanding convertible notes due in June 2025. This repayment may occur either at the notes' maturity date or through a repurchase beforehand.
In pre-market trading, Varex shares on the Nasdaq are currently priced at $15.01, reflecting a 2.81% decrease.
