NOVANTA INC : Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant, Financial Statements and Exhibits (form 8-K)

Published: 2021-10-07 16:26:07 ET NOVT

Item 1.01 Entry into a Material Definitive Agreement.

On October 5th, 2021, Novanta Inc. (the "Company"), Novanta Corporation (the "Lead Borrower"), Novanta UK Investments Holding Limited (the "U.K. Borrower"), and Novanta Europe GmbH (the "German Borrower" and, jointly and severally together with the Lead Borrower and the U.K. Borrower, the "Borrowers") and certain of the Company's wholly owned subsidiaries as Guarantors entered into an amendment (the "Fourth Amendment") to exercise the accordion option under its revolving credit facility pursuant to the Third Amended and Restated Credit Agreement, dated as of December 31, 2019 (as amended, restated, extended, supplemented or otherwise modified in writing from time to time, the "Credit Agreement"), with Bank of America, N.A., as Administrative Agent, Swing Line Lender, L/C Issuer and lender, BofA Securities, Inc., as joint lead arranger, JP Morgan Chase Bank, N.A., as joint lead arranger, co-syndication agent and lender, Wells Fargo Securities LLC, as joint lead arranger, Wells Fargo Bank, National Association, as co-syndication agent and lender, PNC Bank, National Association, as joint lead arranger, co-syndication agent and lender, TD Bank, N.A., as joint lead arranger, co-syndication agent and lender, Silicon Valley Bank, as co-documentation agent and lender, Bank of Montreal, as co-documentation agent and lender, Bank of Montreal, London Branch, as lender, and HSBC Bank USA, National Association and HSBC UK Bank PLC, as lenders.

The Fourth Amendment increased the revolving credit facility commitment under the Credit Agreement by $200 million, from $495 million to $695 million, and reset the uncommitted accordion feature to $200 million for potential future expansion.

The foregoing description of the Credit Agreement does not purport to be complete and is qualified in its entirety by reference to the full agreement attached as Exhibit 10.1 hereto and incorporated herein by reference.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information set forth in Item 1.01 in connection with the Fourth Amendment is incorporated in this Item 2.03 by reference.

Item 9.01 Financial Statements and Exhibits.

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