Item 1.01. Entry into a Material Definitive Agreement.
On August 10, 2020, Natus Medical Incorporated (the "Company") amended the terms
of its five year credit agreement dated September 23, 2016 (the "Amended Credit
Agreement") by and between the Company, JP Morgan Chase Bank, NA ("JP Morgan"),
Citibank, NA ("Citibank"), and Wells Fargo Bank, NA ("Wells Fargo"). The Amended
Credit Agreement extends the maturity date of the original agreement from
September 23, 2021 to September 25, 2023, reduces the aggregate revolving credit
facility from $225 million to $150 million, and amends certain covenants. As of
August 11, 2020, a total of $87 million out of an available $150 million was
outstanding under the Amended Credit Agreement.
The foregoing description of the Amended Credit Agreement does not purport to be
complete and is qualified in its entirety by the terms of such Amended Credit
Agreement. The Company intends to file the Amended Credit Agreement with the
U.S. Securities and Exchange Commission as an exhibit to its next Quarterly
Report on Form 10-Q.
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance
Item 2.03. Sheet Arrangement of a Registrant.
The information set forth under Item 1.01 is hereby incorporated by reference
into this Item 2.03.
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