IPG PHOTONICS CORP (IPGP): debt financing — IPG Photonics replaces credit facility with $200M unsecured revolver maturing 2030

IPG PHOTONICS CORP

New $200M revolving credit facility matures June 24, 2030; up to $25M available for letters of credit.
Interest rate is Term SOFR plus spread tied to Consolidated Net Leverage Ratio (starting Pricing Level 3).
Company may request increase of commitments by up to $100M, subject to lender consent and no default.
Facility replaces existing Second Amended and Restated Loan Agreement that expired June 30, 2025.
Proceeds to be used for working capital, capital expenditures, and general corporate purposes.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

IPG PHOTONICS CORP incurred revolving credit of $200 million with Bank of America, N.A. at Term SOFR plus an applicable rate that varies based on the Company's Consolidate maturing June 24, 2030.

Instrument: revolving credit
Principal: $200 million
Counterparty: Bank of America, N.A.
Rate: Term SOFR plus an applicable rate that varies based on the Company's Consolidate
Maturity: June 24, 2030
Event: incurrence

Exact text from the filing

expenditures and other general corporate purposes. Loans under the Credit Agreement may be prepaid at any time without premium or penalty. The Credit Agreement provides for a $200 million unsecured, revolving credit facility (of which $25 million may be used for issuances of letters of credit) and is scheduled to mature on June 24, 2030. Provided there is no

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Source: SEC EDGAR

accession 0001111928-25-000122

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