TransMedics amends credit agreement to permit acquisitions up to $50M each, extends amortization start to 2026

TransMedics Group, Inc.

Second Amendment to Credit Agreement with CIBC allows cash consideration up to $50M per acquisition, $150M total.
Amortization start date for term loans extended to July 31, 2026 (from July 31, 2025).
Company must maintain at least $100M unrestricted cash with CIBC or affiliates to make earn-out payments.
Permitted acquisitions subject to conditions: no event of default, compliance with covenants, not unfriendly.
Existing letters of credit (e.g., $250K standby L/C) included in Cash Management Services definition.

item 1.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

TransMedics Group, Inc. amended Second Amendment with Canadian Imperial Bank of Commerce (effective 2023-06-23).

Action: amendment
Agreement: credit facility
Counterparty: Canadian Imperial Bank of Commerce
Effective: 2023-06-23

Exact text from the filing

On June 23, 2023, TransMedics Group, Inc. (the “Company”) entered into a second amendment to the credit agreement (the “Second Amendment”), which amends that certain credit agreement, dated as of July 25, 2022

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TransMedics Group, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-178575

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