NOVANTA INC (NOVT): debt financing — Novanta enters $1.0B credit facility maturing 2030; replaces $392.4M existing debt

NOVANTA INC

Facility includes €65.31M euro term loan, $75M US term loan, $850M revolver; maturity June 2030.
Replaces existing credit agreement that had $392.4M outstanding as of March 28, 2025.
Accordion feature allows up to $350M additional commitments subject to conditions.
Financial covenants: min fixed charge coverage 1.25:1.00, max leverage 3.50:1.00 (4.00:1.00 after large acquisitions).

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 amended credit facility of approximately $1.0 billion with Bank of America, N.A. at Base Rate plus a margin ranging between zero and 0.75% per annum, or SOFR, SONIA maturing June 2030.

Instrument: credit facility
Principal: approximately $1.0 billion
Counterparty: Bank of America, N.A.
Rate: Base Rate plus a margin ranging between zero and 0.75% per annum, or SOFR, SONIA
Maturity: June 2030
Event: amendment

Exact text from the filing

were $392.4 million as of March 28, 2025, the end of the Company’s first fiscal quarter of 2025. The Agreement provides for an aggregate credit facility of approximately $1.0 billion, comprised of a €65.31 million euro-denominated 5-year term loan facility (the “Euro Term Loans”), a $75.0 million U.S. dollar denominated 5-year term loan facility (the “U.S.

View on SEC.gov

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

NOVANTA INC filing history →

Source: SEC EDGAR

accession 0000950170-25-093046

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.