PTC amends credit agreement; springing maturity condition tied to $600M liquidity threshold

PTC INC.

Amendment No. 1 to Credit Agreement executed Oct 1, 2024, modifying Springing Maturity Date definition.
Springing Maturity Date (Nov 16, 2024) avoided if Available Liquidity >= $600M on that date.
Available Liquidity defined as unrestricted cash, cash equivalents, readily marketable securities, and available revolving commitments.
Alternative avoidance: if 2025 Senior Notes are repaid, redeemed, or refinanced before Nov 16, 2024.

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