NOVANTA INC : Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet…

Posted: March 17, 2022 at 2:56 am

Item 1.01 Entry into a Material Definitive Agreement.

On March 10, 2022, Novanta Inc. (the "Company"), Novanta Corporation (the "LeadBorrower"), Novanta UK Investments Holding Limited (the "U.K. Borrower"), andNovanta Europe GmbH (the "German Borrower" and together with the Company, theLead Borrower and the U.K. Borrower, the "Borrowers") and certain of theCompany's wholly owned subsidiaries as Guarantors entered into an amendment (the"Fifth Amendment") to the Third Amended and Restated Credit Agreement, dated asof December 31, 2019 (as amended, the "Credit Agreement") with Bank of America,N.A., as Administrative Agent, Swing Line Lender, L/C Issuer and lender, and theother parties thereto. The Fifth Amendment amends the Credit Agreement to extendthe maturity date thereof from December 31, 2024 to March 10, 2027, update thepricing grid, replace LIBOR with SOFR as the reference rate for US dollarborrowings, increase the uncommitted accordion option from $200 million to $350million, and add the Company as a Borrower.

The foregoing description of the Fifth Amendment does not purport to be completeand is qualified in its entirety by reference to the full amendment attached asExhibit 10.1 hereto and incorporated herein by reference.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under anOff-Balance Sheet Arrangement of a Registrant.

The information set forth in Item 1.01 in connection with the Fifth Amendment isincorporated in this Item 2.03 by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

--------------------------------------------------------------------------------

Edgar Online, source Glimpses

Read the original here:
NOVANTA INC : Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet...

Related Posts