---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-016805"
form_type: "8-K"
ticker: "ONT"
cik: "0001643615"
company_name: "Onterris, Inc."
filed_at: "2024-02-20T23:59:59+00:00"
generated_at: "2026-06-05T23:10:34.427988+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Montrose Environmental expands revolver by $50M to $175M and adds $50M term loan

## Summary
- Increased revolving credit commitments by $50M to aggregate $175M.
- Incurred $50M fourth amendment term loan for working capital and general corporate purposes.
- Fourth Amendment dated February 14, 2024, with Bank of America as administrative agent.

## SEC filing metadata
- accession: 0000950170-24-016805
- form_type: 8-K
- ticker: ONT
- cik: 0001643615
- company_name: Onterris, Inc.
- filed_at: 2024-02-20T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1643615/000095017024016805/0000950170-24-016805-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1643615/000095017024016805/meg-20240214.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-016805
- JSON: https://secwatch.observer/filing/0000950170-24-016805.json
- Plain text: https://secwatch.observer/filing/0000950170-24-016805.txt

## Key facts
- Debt Financings
  Onterris, Inc. incurred term loan of $50.0 million with Bank of America, N.A., as Administrative Agent.
  - Instrument: term loan
  - Principal: $50.0 million
  - Counterparty: Bank of America, N.A., as Administrative Agent
  - Event: incurrence
  source text: such terms in the Credit Agreement or Fourth Amendment, as applicable. Among other things, in the Fourth Amendment, the Parent Borrower: • increased the revolving commitments by $50.0 million and, as a result of such increase, the size of the revolving credit facility is now in the aggregate principal amount of $175.0 million; • incurred the fourth amendment term loan
  evidence_url: https://www.sec.gov/Archives/edgar/data/1643615/000095017024016805/0000950170-24-016805-index.htm
- Debt Financings
  Onterris, Inc. amended revolving credit of $175.0 million with Bank of America, N.A., as Administrative Agent.
  - Instrument: revolving credit
  - Principal: $175.0 million
  - Counterparty: Bank of America, N.A., as Administrative Agent
  - Event: amendment
  source text: • increased the revolving commitments by $50.0 million and, as a result of such increase, the size of the revolving credit facility is now in the aggregate principal amount of $175.0 million; • incurred the fourth amendment term loan in the aggregate principal amount of $50.0 million, the proceeds of which will be used to finance working capital and for other general
  evidence_url: https://www.sec.gov/Archives/edgar/data/1643615/000095017024016805/0000950170-24-016805-index.htm
- Material Agreements
  Onterris, Inc. amended Fourth Amendment to Credit Agreement and Lender Joinder Agreement with Bank of America, N.A., as Administrative Agent, Swing Line Lender and L/C Issuer valued at $50.0 million (effective 2024-02-14).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Bank of America, N.A., as Administrative Agent, Swing Line Lender and L/C Issuer
  - Value: $50.0 million
  - Effective: 2024-02-14
  source text: On February 14, 2024, Montrose Environmental Group, Inc. (the “Parent Borrower”), Montrose Environmental Group Ltd. (the “Canadian Borrower” and together with the Parent Borrower, each, a “Borrower” and collectively, the “Borrowers”), and certain subsidiaries of the Parent Borrower acting as guarantors (the “Guarantors”) entered into the Fourth Amendment to Credit Agreement and Lender Joinder Agreement (the “Fourth Amendment”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1643615/000095017024016805/0000950170-24-016805-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.