On April 5, 2024, Mesa Laboratories, Inc. amended and restated its senior secured credit agreement with a syndicate of banks led by JPMorgan Chase Bank, N.A., as administrative agent. The Credit Agreement has been modified to (among other changes): Allow proceeds from the Credit Facility to be used to redeem some or all of the Company?s 1.375% Convertible Notes due 2025. Add a $75.0 senior secured term loan facility (the ?Term Loan?), which is subject to principal amortization payments as set forth in the Credit Agreement.

Extend the maturity of the Credit Facility to April 2029. Make certain changes to the financial covenants. The Company maintains its access to the senior secured revolving credit facility, allowing access to up to $125.0 of borrowings.

Both the Term Loan and the Revolver bear interest at a rate of SOFR plus an applicable margin ranging from 1.5% to 3.5%, depending on the Company?s total net leverage ratio. As of the date of this Form 8-K, $75.0 million is outstanding under the Term Loan, and $50.5 million is outstanding under the Revolver. The proceeds of the Credit Agreement loans may be used to refinance certain existing indebtedness of the Company and to finance working capital needs and general corporate purposes of the Company in the ordinary course of business, including permitted acquisitions.

The lenders party to the Credit Agreement or their affiliates have provided from time to time, and may provide in the future, investment and commercial banking and financial advisory services to the Company and its affiliates in the ordinary course of business, for which they have received, and may receive in the future, customary fees and commissions.