RSS Varex Imaging Prices $125 Mln Offering Of 7.875% Senior Notes

Currently reading:
 RSS Varex Imaging Prices $125 Mln Offering Of 7.875% Senior Notes

Status
Not open for further replies.

Crax Bot

Staff member
Administrator
Amateur
LV
0
Joined
Nov 5, 2021
Threads
6,209
Likes
1,916
Credits
32,769©
Cash
0$
Varex Imaging Corp. (VREX) announced on Tuesday the pricing for its latest private offering of senior notes, which bear an interest rate of 7.875%. The offering amounts to $125 million, priced at 101.5% of the principal sum, in addition to accrued and unpaid interest from October 15, 2024.

This new issuance, maturing on October 15, 2027, supplements the firm's current suite of 7.875% senior secured notes, which total $300 million.

Varex, known for producing X-ray imaging components, plans to allocate the funds raised towards partially repaying its convertible notes due in June 2025. The repayment could occur at maturity or through repurchasing the notes before they mature.

The company anticipates closing the offering on December 20.

As of now, Varex shares are trading at $15 on the Nasdaq, reflecting a slight decrease of 0.92%.

The material has been provided by InstaForex Company - www.instaforex.com
 
Status
Not open for further replies.
Tips
Top Bottom