nLIGHT Inc.
09/27/2024 | Press release | Distributed by Public on 09/27/2024 15:18
Material Agreement Form 8 K
Item 1.01 Entry into a Material Definitive Agreement.
On September 25, 2024, nLIGHT, Inc., a Delaware corporation (the "Company"), entered into Amendment No. 5 to the Second Amended and Restated Loan and Security Agreement, which was effective as of September 24, 2024, and amends that certain Second Amended and Restated Loan and Security Agreement, dated as of September 24, 2018 (as amended from time to time, the "Loan Agreement"), between the Company and Banc of California (formerly known as Pacific Western Bank). The amendment, among other changes, (a) amends the unused line fee and the interest rate applicable to the revolving loans, (b) extends the maturity date of the loan facility by three years to September 24, 2027, and (c) amends the financial covenants. As of September 27, 2024, there were no revolving loans outstanding under the Loan Agreement.
Additional details of the Loan Agreement were previously disclosed in the Company's Current Reports on Form 8-K filed with the Securities and Exchange Commission on September 27, 2018, November 14, 2019, and September 28, 2021, which are incorporated herein by reference.
The foregoing description of the amendment does not purport to be complete and is qualified in its entirety by the terms and conditions of the amendment, which is attached hereto as Exhibit 10.1 and is incorporated herein by reference.