Novanta to acquire Runway Buyer for $1.45B, financing via cash, debt, and new equity

Filed June 9, 2026 · Period ending June 8, 2026 · ~1 min read

Key Changes

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  Novanta signed definitive agreement to acquire all equity interests in Runway Buyer, LLC for $1.2B cash at closing plus $250M milestone payment due January 2027, totaling $1.45B.

  Item 1.01: Equity Purchase Agreement verify on EDGAR →
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  Transaction will be financed through existing cash, credit facility borrowings, and proceeds from a new equity issuance announced the same day, indicating significant capital raise alongside debt.

  Item 1.01: Transaction financing verify on EDGAR →
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  Credit agreement amended to allow leverage up to 4.5x for four quarters post-closing and relaxed coverage ratio to 1.0x, with 0.25% higher interest rate when leverage exceeds 3.75x.

  Item 1.01: Credit Amendment verify on EDGAR →