debt
confidence high
sentiment neutral
materiality 0.50
Novanta enters $200M delayed draw term loan facility maturing 2030
NOVANTA INC
- Second Amendment to Credit Agreement establishes $200M delayed draw term loan commitments.
- Loans available for up to six months after May 15, 2026; mature June 27, 2030.
- Interest: Base Rate plus 0.00%-0.75% or SOFR/SONIA/EURIBOR plus 1.00%-1.75%, based on leverage.
- Quarterly amortization starts Sep 25, 2026: 0.625% of principal early, 1.25% later.
- Commitment fee payable on undrawn commitments; incremental capacity reset.
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