Novanta amends credit agreement, adds $200 million delayed-draw term loan commitments

• Novanta entered a second amendment to its credit agreement with Bank of America as administrative agent, adding USD 200 million of delayed draw term loan commitments.
• Borrowings remain available at company option for up to six months from May 15, 2026.
• Delayed Draw Term Loans mature June 27, 2030; pricing set at base rate plus 0% to 0.75% or SOFR, SONIA or EURIBOR plus 1% to 1.75%, tied to consolidated leverage ratio.
• Amortization starts around quarter-end Sept. 25, 2026; quarterly payments set at minimum 0.625% through June 25, 2027, rising to minimum 1.25% thereafter.
• Amendment also resets incremental capacity for term loans and revolving commitments from May 15, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Novanta Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-227053), on May 15, 2026, and is solely responsible for the information contained therein.