According to a Form 6-K, Stratasys Ltd., and Stratasys International Ltd., entered into a credit agreement with Bank of America, as administrative agent and swing line lender, and the lenders party thereto. Under the credit agreement, Citibank and HSBC Bank USA are co-syndication agents and Silicon Valley Bank is documentation agent.

The credit agreement provides for a five-year revolving credit facility in an aggregate principal amount of up to $250 million. The revolving credit facility permits swing line loans of up to $25 million. The Borrower has the right to make up to three requests to increase the aggregate commitments under the revolving credit facility by an aggregate amount for all such requests of up to $75 million, provided that, in each case, the lenders (including new lenders who are eligible assignees under the credit agreement) are willing to provide such new or increased commitments and certain other conditions are met.

At the borrower’s option, revolving loans under the credit agreement (other than swing line loans) will accrue interest based on either (i) the LIBOR plus a margin based on the company’s consolidated leverage ratio for the previous rolling four quarters; or (ii) a base rate of (a) the federal funds rate plus a margin, (b) BofA’s announced prime rate, or (c) the Eurodollar rate plus a margin, whichever is highest, plus a margin based on the leverage ratio. Swing line loans will accrue interest at the base rate plus the then applicable margin for base rate loans.

Stratasys, headquartered in Minneapolis, MN and Rehovot, Israel, manufactures 3D printers and materials for prototyping and production.