10:47 AM EDT, 03/16/2026 (MT Newswires) -- Varex Imaging ( VREX ) said Monday it has signed a credit and guaranty agreement that includes a $350 million secured term loan facility, a $100 million secured revolving credit facility and a $40 million secured delayed draw term loan facility.

The company said it has redeemed its outstanding 7.875% senior secured notes due 2027 worth $368 million. It has also terminated its previous $155 million revolving credit facility.

The refinancing is slated to reduce the company's annualized cash interest expense by more than $7 million, based on lower interest rates and an $18 million reduction in outstanding debt.

Shares of the company rose more than 3% in recent trading activity Monday.

Price: 11.15, Change: +0.34, Percent Change: +3.15