On January 2, 2024, Novanta Inc. drew down $198.0 million on its revolving credit facility under its Third Amended and Restated Credit Agreement, as amended, by and among the company, certain of the company's subsidiaries, Bank of America, N.A., as Administrative Agent, Swing Line Lender, L/C Issuer and lender, and the other lender parties thereto ("Third Amended and Restated Credit Agreement"). The Company used approximately $192.2 million of the drawdown to fund the acquisition of 100% of the capital stock (the "Acquisition") of Motion Solutions Parent Corp. ("Motion Solutions"), including estimated closing purchase price adjustments, by Novanta Corporation, a wholly owned subsidiary of the Company, and the remainder for general corporate purposes.

Borrowings under the revolving credit facility are due upon maturity of the Third Amended and Restated Credit Agreement in December 2027 and may be repaid at any time before the maturity date without prepayment penalties.