On January 8, 2016, Allied Motion Technologies Inc. and certain subsidiaries, entered into a First Amendment and Consent to the Amended and Restated Credit Agreement with Bank of America, N.A., as administrative agent, and the lenders. Pursuant to the Amendment, the administrative agent and lenders consented to the company's acquisition of Heidrive GmbH, and that such acquisition would not reduce the acquisition basket under the Credit Agreement. The Amendment also amends the Credit Agreement to increase the revolving credit facility from $15 million to $30 million and the foreign revolving sublimit from $10 million to $25 million.

On January 8, 2016, the company entered into a Consent and Amendment No. 3 to the Note Agreement with Prudential Capital Partners IV, L.P. and its affiliates. Pursuant to the Note Amendment, the note holders consented to the company's acquisition of Heidrive GmbH and that such acquisition would not reduce the acquisition basket under the Note Agreement.