Novanta discloses minimal SVB exposure: cash <$400k, 10% of credit facility

NOVANTA INC

SVB is one of seven lenders under Novanta's $695M credit agreement, representing about 10% of total commitments.
Company's cash and cash equivalents held at SVB are less than $400,000.
Disclosure in response to media reports of SVB closure and FDIC appointment as receiver.
No material financial impact expected given minimal cash balance and diversified lender group.

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