Enovis amends credit agreement; extends maturity to 2030, upsizes cash offset to $400M

Enovis CORP

Amended credit agreement provides $1.1B revolver and $700M term loan, both maturing Dec 8, 2030.
Repaid ~$335M of revolver with term loan proceeds; outstanding as of Dec 8: $167M revolver, $700M term loan.
Maximum cash offset for leverage calculations increased from $150M to $400M; acquisition consideration limit raised to $200M.
Covenant: temporary leverage increase available for acquisitions ≥$300M (previously $500M); new lenders added.
Applicable margin reduced for total leverage ratio below 1.50x; maturity conditional on liquidity vs. convertible notes.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Enovis CORP amended credit facility of revolving credit facility of up to $1.1 billion and a term loan facility of $700.0 million with JPMorgan Chase Bank, N.A. at reduced the applicable margin for borrowings if the Total Leverage Ratio is less maturing December 8, 2030.

Instrument: credit facility
Principal: revolving credit facility of up to $1.1 billion and a term loan facility of $700.0 million
Counterparty: JPMorgan Chase Bank, N.A.
Rate: reduced the applicable margin for borrowings if the Total Leverage Ratio is less
Maturity: December 8, 2030
Event: amendment

Exact text from the filing

lenders from time to time party thereto, and JPMorgan Chase Bank, N.A., as administrative agent. The Amended Credit Agreement provides for a revolving credit facility of up to $1.1 billion (the “Revolving Facility” and the loans thereunder, the “Revolving Loans”) and a term loan facility of $700.0 million (the “Term Loan Facility” and the loans thereunder, the

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Source: SEC EDGAR

accession 0001493152-25-027007

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