PROCEPT BioRobotics Amends Loan, Extends Term Loan Maturity to 2028

What Happened
PROCEPT BioRobotics Corporation announced on September 23, 2026 that it entered into a Third Amendment to its Loan and Security Agreement with Canadian Imperial Bank of Commerce (CIBC). The amendment extends the Term Loan maturity date by 12 months, moving the maturity from October 1, 2027 to October 1, 2028. The Loan Agreement was originally dated October 6, 2022 and had been previously amended on June 1, 2023 and August 6, 2025.

Key Details

• Parties: PROCEPT BioRobotics Corporation and Canadian Imperial Bank of Commerce (CIBC).
• Effective date of amendment: September 23, 2026.
• Change: Term Loan Maturity Date extended from October 1, 2027 to October 1, 2028 (12-month extension).
• Covenants: The Loan Agreement remains in full force with the same affirmative and negative covenants previously disclosed.

Why It Matters
The amendment delays the company's scheduled loan repayment by one year, affecting the timing of its debt obligations. There is no change reported to the covenants in this filing, but the full Third Amendment (filed as Exhibit 10.1) should be reviewed for any additional terms, fees, or conditions not summarized here. Investors monitoring PROCEPT’s liquidity and financing schedule may consider this a material update to the company’s debt timeline.