Novanta closes $632.5M tangible equity units offering; amends credit agreement

NOVANTA INC

Issued 12,650,000 Units at $50.00 each, including full over-allotment exercise.
Each Unit includes a prepaid stock purchase contract and a senior amortizing note yielding 6.50%.
Net proceeds to strengthen balance sheet; ~$317M of revolving credit to be repaid.
Credit amendment raises max leverage ratio to 3.75:1 (4.25:1 step-up for acquisitions).
Amendment conditioned on tangible equity unit issuance by Dec 31, 2025; condition met.

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.