NOVANTA INC (NOVT): debt financing — Novanta completes acquisition of Motion Solutions; draws $198M under credit facility

NOVANTA INC

Acquired 100% of Motion Solutions capital stock for ~$192.2M using revolving credit facility draw of $198M.
Motion Solutions provides high-precision motion subsystems for medical and life sciences OEMs.
CEO Matthijs Glastra highlights growth in precision medicine applications at high-single-digit to low-double-digit rates.
Remaining $5.8M from draw used for general corporate purposes; facility matures December 2027.

item 2.03 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

NOVANTA INC incurred revolving credit of $198.0 million with Bank of America, N.A. maturing in December 2027.

Instrument: revolving credit
Principal: $198.0 million
Counterparty: Bank of America, N.A.
Maturity: in December 2027
Event: incurrence

Exact text from the filing

On January 2, 2024, Novanta Inc. (the “Company”) 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”).

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283 debt financings filed in the last 30 days. Browse all debt financings →

NOVANTA INC filing history →

Source: SEC EDGAR

accession 0000950170-24-000289

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