nLIGHT amends credit agreement with Banc of California; extends maturity to Sept 2027, adds $50M cash covenant

NLIGHT, INC.

Maturity extended three years to Sept 24, 2027; interest rate now Prime Rate minus 1.00% if total cash ≥ $100M.
New minimum Total Cash covenant of $50M; prior EBITDA/capex covenant suspended after Q3 2024.
nLIGHT DEFENSE Systems to become co-borrower within 120 days; intercompany investment limit raised to $10M.
Limited waivers granted for missing 2023 and 2024 board-approved budget submissions.
No revolving loans outstanding as of Sept 27, 2024.

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