NUAN Nuance Communications Inc

On February 4, 2021, Nuance Communications, Inc. (“Nuance”) entered into a Revolving Credit Agreement (the “Revolving Credit Agreement”) among the lenders party thereto, Barclays Bank PLC, as Administrative Agent, and the other parties named therein. The Revolving Credit Agreement replaced Nuance’s Revolving Credit Agreement dated as of April 15, 2016, as amended. The Revolving Credit Agreement provides for a $300.0 million revolving line of credit, including a $50.0 million letter of credit sublimit (the “Revolving Credit Facility”), and matures on February 4, 2026. The Revolving Credit Facility bears interest at either (i) LIBOR plus an applicable margin of 1.50% or 1.75%, or (ii) the alternative base rate plus an applicable margin of 0.50% or 0.75%. The Revolving Credit Facility is secured by substantially all Nuance’s assets and substantially all assets of certain of Nuance’s domestic subsidiaries that guarantee Nuance’s obligations under the Revolving Credit Agreement. The Revolving Credit Agreement contains customary affirmative and negative covenants and conditions to borrowing, as well as customary events of default. Among other things, Nuance is required to maintain a Consolidated Senior Secured Leverage Ratio (as defined in the Revolving Credit Agreement) not exceeding 4.00 to 1.00 at any fiscal quarter end where there are outstanding borrowings under the Revolving Credit Agreement. At the time of closing, there were no borrowings outstanding under the Revolving Credit Agreement.

The foregoing is only a summary of the material terms of the Revolving Credit Agreement and does not purport to be complete and is qualified in its entirety by reference to the Revolving Credit Agreement, a copy of which is attached to this Current Report on Form 8-K as Exhibit 10.1 and incorporated herein by reference.