Novanta Expands Credit Facilities with New Term Loan

Novanta ( (NOVT) ) has shared an update.

On May 15, 2026, Novanta Inc. and several of its subsidiaries amended their existing credit agreement to add $200 million in delayed draw term loan commitments, available for up to six months after that date and maturing on June 27, 2030. The loans, which carry interest tied to base or benchmark rates plus a margin based on Novanta’s leverage ratio and amortize quarterly beginning in the third quarter of 2026, are expected to enhance the company’s financial flexibility, while the amendment also resets the capacity for additional term loan and revolving credit commitments from the new effective date, potentially expanding future borrowing headroom for the group.

The most recent analyst rating on (NOVT) stock is a Buy with a $173.00 price target. To see the full list of analyst forecasts on Novanta stock, see the NOVT Stock Forecast page.

Spark’s Take on NOVT Stock

According to Spark, TipRanks’ AI Analyst, NOVT is a Outperform.

NOVT scores well overall on strong technical momentum and a solid (improving) financial foundation led by a strengthened balance sheet, supported by a constructive earnings outlook and strong bookings. The main offset is valuation, with a high P/E and no dividend yield provided, plus some margin and timing risks noted on the earnings call.

To see Spark’s full report on NOVT stock, click here.

More about Novanta

Novanta Inc. is a diversified industrial technology company that, through its subsidiaries in the U.S., U.K. and Europe, utilizes syndicated credit facilities to support its global operations and financing needs. Its capital structure relies on term loans and revolving commitments arranged with a consortium of bank lenders to fund growth and manage liquidity across multiple jurisdictions.

Average Trading Volume: 426,796

Technical Sentiment Signal: Strong Buy

Current Market Cap: $5.55B

Learn more about NOVT stock on TipRanks’ Stock Analysis page.