3D Systems Inks $150 Million Revolving Credit Facility with PNC
The Engineer posted on October 14, 2014 |
3D printing, 3D Systems, credit, expansion3D Systems has announced that it entered into a $150 million five-year, unsecured revolving credit facility with its lenders. The Credit Agreement is comprised of a revolving loan facility that provides for advances in the initial aggregate principal amount of up to $150 million. 

"Our enhanced capital structure will allow us to strategically execute on our focused long-term initiatives for the benefit of all of our constituents," said Avi Reichental, 3DS President and Chief Executive Officer.

Subject to the terms and conditions of the Credit Agreement, the Company may, at its option, increase the aggregate principal amount available under the Credit Facility by an additional $75 million.

"This credit facility strengthens our capital structure and provides us with greater financial flexibility to decisively execute our growth strategy," concluded Reichental.

Source: 3D Systems

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