Company: ICUI
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0000883984-25-000035
Chunk: 39

Company: ICU MEDICAL INC/DE
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 5
Chunk 39
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 and the Commitment Fee with respect to the New Revolving Credit Facility and the New Term Loan A Facility is based on the following pricing grid:

Leverage RatioApplicable Margin for Eurocurrency Rate Loans and RFR LoansApplicable Margin for Base Rate LoansCommitment Fee RateGreater than 4.00 to 1.02.25%1.25%0.35%Less than or equal to 4.00 to 1.0 but greater than 3.00 to 1.02.00%1.00%0.30%Less than or equal to 3.00 to 1.0 but greater than 2.50 to 1.01.75%0.75%0.25%Less than or equal to 2.50 to 1.0 but greater than 2.00 to 1.01.50%0.50%0.20%Less than or equal to 2.00 to 1.0 but greater than 1.75 to 1.01.25%0.25%0.15%Less than or equal to 1.75 to 1.01.00%—%0.10%

The Amended Credit Agreement contains affirmative and negative covenants, including certain financial covenants. The negative covenants include restrictions regarding the incurrence of liens and indebtedness, certain merger and acquisition transactions, asset sales and other dispositions, other investments, dividends, share purchases and payments affecting subsidiaries, changes in nature of business, fiscal year or organizational documents, prepayments and redemptions of subordinated and other junior debt, transactions with affiliates, and other matters.

The New Credit Facilities are subject to certain financial covenants, which include (i) a new Maximum Secured Net Leverage Ratio of 4.50 to 1.00, tested at the end of each quarter, with a step-down to 4.00 to 1.00 starting with the quarter ending June 30, 2027; provided that in the event the Borrower or its restricted subsidiaries consummate a material acquisition, the Borrower may elect (on no more than one occasion) to cause the Secured Net Leverage Ratio financial covenant level set forth above to be increased by 0.50x for each of the four fiscal quarters ending immediately after the consummation of such material acquisition, and (ii) a Minimum Interest Coverage Ratio of 3.00 to 1.00