Novanta secures $200M delayed draw term loan facility, expands borrowing capacity

Filed May 15, 2026 · Period ending May 15, 2026 · ~1 min read

Key Changes

• high

  Company amended credit agreement to add $200 million in delayed draw term loan commitments, available for six months through November 2026. Funds can be used for acquisitions, capital spending, or general corporate purposes.

  Item 1.01 verify on EDGAR →
• medium

  New term loans mature June 2030 with variable interest rates of Base Rate plus 0-0.75% or SOFR/SONIA/EURIBOR plus 1-1.75%, depending on leverage ratio. Lower debt levels result in lower borrowing costs.

  Item 1.01 verify on EDGAR →
• low

  Quarterly principal payments begin September 2026 at 0.625% of outstanding balance through June 2027, then increase to 1.25% quarterly. Represents modest mandatory debt reduction over loan term.

  Item 1.01 verify on EDGAR →