CONMED enters into $750M credit agreement; maturities extended to 2030

CONMED Corp

New $550M USD revolver, $100M multicurrency revolver, and $100M term loan; maturity date June 10, 2030.
Proceeds used to repay existing term loan ($100M) and $16M of revolving amounts under prior credit agreement.
Removed fixed charge coverage ratio; added minimum interest coverage ratio of 2.75:1 (tested quarterly).
Removed mandatory prepayments on excess cash flow and updated interest rate margins (e.g., Term Benchmark Loans at 1.125% p.a.).
Credit agreement includes senior secured leverage ratio ≤3.75:1 and total leverage ratio ≤5.50:1 with step-ups for acquisitions.

item 1.01item 2.03item 9.01

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.