Item 1.01 Entry into a Material Definitive Agreement.
On October 5th, 2021, Novanta Inc. (the "Company"), Novanta Corporation (the
"Lead Borrower"), Novanta UK Investments Holding Limited (the "U.K. Borrower"),
and Novanta Europe GmbH (the "German Borrower" and, jointly and severally
together with the Lead Borrower and the U.K. Borrower, the "Borrowers") and
certain of the Company's wholly owned subsidiaries as Guarantors entered into an
amendment (the "Fourth Amendment") to exercise the accordion option under its
revolving credit facility pursuant to the Third Amended and Restated Credit
Agreement, dated as of December 31, 2019 (as amended, restated, extended,
supplemented or otherwise modified in writing from time to time, the "Credit
Agreement"), with Bank of America, N.A., as Administrative Agent, Swing Line
Lender, L/C Issuer and lender, BofA Securities, Inc., as joint lead arranger, JP
Morgan Chase Bank, N.A., as joint lead arranger, co-syndication agent and
lender, Wells Fargo Securities LLC, as joint lead arranger, Wells Fargo Bank,
National Association, as co-syndication agent and lender, PNC Bank, National
Association, as joint lead arranger, co-syndication agent and lender, TD Bank,
N.A., as joint lead arranger, co-syndication agent and lender, Silicon Valley
Bank, as co-documentation agent and lender, Bank of Montreal, as
co-documentation agent and lender, Bank of Montreal, London Branch, as lender,
and HSBC Bank USA, National Association and HSBC UK Bank PLC, as lenders.
The Fourth Amendment increased the revolving credit facility commitment under
the Credit Agreement by $200 million, from $495 million to $695 million, and
reset the uncommitted accordion feature to $200 million for potential future
expansion.
The foregoing description of the Credit Agreement does not purport to be
complete and is qualified in its entirety by reference to the full agreement
attached as Exhibit 10.1 hereto and 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 in Item 1.01 in connection with the Fourth Amendment
is incorporated in this Item 2.03 by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit
Number Description
10.1 Fourth Amendment to Third Amended and Restated Credit Agreement
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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