Varex Imaging, a designer and manufacturer of X-ray imaging components, entered into a senior secured revolving credit agreement for an initial aggregate principal amount of up to $155 million. Zions Bancorporation acted as lead arranger and bookrunner for the new facility. Simultaneously, Varex terminated its existing senior secured asset-based revolving credit agreement.
“We are pleased to have successfully closed the revolving credit facility,” Sam Maheshwari, CFO of Varex Imaging, said. “The additional liquidity provides funds to address working capital and other general corporate purposes, including potential repayment of debt.”
