Novanta Inc. has entered into a significant financing arrangement through the Fourth Amended and Restated Credit Agreement, effective June 27, 2025. This agreement involves Novanta Corporation, Novanta UK Investments Holding Limited, and Novanta Europe GmbH, collectively acting as borrowers alongside a consortium of financial institutions, including Bank of America, JP Morgan Chase, Wells Fargo, PNC Bank, U.S. Bank, and others. The agreement outlines various customary covenants and financial maintenance requirements, such as maintaining minimum fixed charge coverage and leverage ratios. It also stipulates that the Company's obligations are secured by a senior lien on nearly all of its and certain subsidiaries' assets. The agreement allows for voluntary prepayment of loans without penalties and includes provisions for mandatory prepayments under specific conditions. The term loan facilities set scheduled principal repayments to commence in September 2025 for Euro Term Loans and September 2026 for U.S. Term Loans, with full repayment due by June 27, 2030, unless extended.
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