secwatch / observer
8-K filed January 19, 2024, 6:59 PM ET ticker BVS CIK 0001665988
other material confidence high sentiment positive materiality 0.65

Bioventus amends credit agreement: new leverage ratio 5.65x-4.00x, interest coverage 1.75x-3.00x, $10M liquidity

Bioventus Inc.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.98

Bioventus Inc. amended Amendment No. 5 to the Credit and Guaranty Agreement with Wells Fargo Bank, National Association valued at Amended financial covenants: maximum debt leverage ratio from 5.65:1 to 4.00:1 over testing periods; (effective 2024-01-18).

Action
amendment
Agreement
credit facility
Counterparty
Wells Fargo Bank, National Association
Value
Amended financial covenants: maximum debt leverage ratio from 5.65:1 to 4.00:1 over testing periods;
Effective
2024-01-18
Exact text from the filing
On January 18, 2024 (the “Closing Date”), Bioventus LLC (“Bioventus LLC”), a Delaware limited liability company and subsidiary of Bioventus Inc. (together with its subsidiaries, the “Company”) and certain of its subsidiaries entered into an Amendment No. 5 to the Credit and Guaranty Agreement (the “Fifth Amendment”) with Wells Fargo Bank, National Association, as administrative agent and collateral agent, and the lenders and other financial institutions party thereto, which amended the Credit and Guaranty Agreement, dated as of December 6, 2019 (the “2019 Credit Agreement,” and, as amended by that certain Amendment No. 1 to Credit and Guaranty Agreement, dated as of August 29, 2021, by the Second Amendment to Credit and Guaranty Agreement, dated as of October 29, 2021, by the Third Amendment to Credit and Guaranty Agreement, dated as of July 11, 2022, by the Fourth Amendment to Credit and Guaranty Agreement, dated as of March 31, 2023 and by the Fifth Amendment, the “Amended 2019 Credi
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Source: SEC EDGAR
accession 0001193125-24-010779
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