ITEM. 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
OnJune 15, 2021 ,Envista Holdings Corporation (the "Company") entered into an amended and restated credit agreement (the "Amended Credit Agreement") with a syndicate of banks includingBank of America, N.A . as administrative agent (the "Administrative Agent"). The Amended Credit Agreement amends and restates the Company's existing credit agreement, originally datedSeptember 20, 2019 (as amended by Amendment No. 1 to Credit Agreement dated as ofMay 6, 2020 , Amendment No. 2 to Credit Agreement dated as ofMay 19, 2020 , and Amendment No. 3 to Credit Agreement dated as ofFebruary 9, 2021 , the "Existing Credit Agreement"). Under the Amended Credit Agreement: (a) the maturity date of the Company's existing USD Term Facility and EUR Term Facility has been extended toSeptember 20, 2024 , (b) the Revolving Credit Commitments of the Revolving Credit Lenders have been increased from$250,000,000 to$750,000,000 , (c) the Company may request further increases to the Revolving Credit Commitments in an aggregate amount not to exceed$350,000,000 , (d) the amount of cash and cash equivalents permitted to be netted in the definition of "Consolidated Funded Indebtedness" has been increased to up to the greater of (x)$250,000,000 and (y) 50% of Consolidated EBITDA as of the most recent Measurement Period, and (e) the floor on Eurocurrency Rate Loans applicable to the Revolving Credit Facility and the USD Term Facility has been reduced to zero, in each case subject to and in accordance with the terms and conditions of the Amended Credit Agreement. Except as set forth in the Amended Credit Agreement, the interest rates applicable to the term loans and Revolving Credit Facility remain unchanged. The Company paid fees aggregating approximately$2.1 million in connection with the Amended Credit Agreement.
The Amended Credit Agreement contains customary representations, covenants and events of default that are substantially similar to the representations, covenants and events of default set forth in the Existing Credit Agreement.
The foregoing is a summary description of certain changes to the Existing Credit Agreement pursuant to the Amended Credit Agreement; it does not purport to be complete, and it is qualified in its entirety by reference to the full text of Amended Credit Agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and which is incorporated herein by reference.
ITEM 2.03 CREATION OF A DIRECT FINANCIAL OBLIGATION OR AN OBLIGATION UNDER AN OFF-BALANCE SHEET ARRANGEMENT OF A REGISTRANT
The information set forth under "Item 1.01 Entry into a Material Definitive Agreement" is incorporated herein by reference.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS (d) Exhibits. Exhibit No. Description The Amended Credit Agreement, dated as ofJune 15, 2021 , by and amongEnvista Holdings Corporation , each Guarantor
party thereto,
N.A., as Administrative Agent, L/C Issuer and
Swing
10.1 other Lenders party thereto. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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