Allient amends credit facilities to boost financial flexibility; executes $50M interest rate swap

ALLIENT INC

Leverage ratio covenant increased to 4.5:1 for Q1/Q2 2025, then 4.0:1 for Q3 2025, then reverts to 3.75:1.
Up to $4M in restructuring and acquisition costs may be added back to EBITDA in any trailing 12-month period.
New interest rate swap hedges $50M of debt for three years, effective September 30, 2024.
Restrictions on acquisitions imposed through December 31, 2025.
Interest rate on Note Purchase Agreement increased by 50 bps during increased leverage period (Q4 2024 through Q3 2025).

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