PNC Agents $150MM Credit Facility with 3D Systems
3D Systems announced 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.
PNC Bank is acting as administrative agent. PNC Capital Markets is acting as sole lead arranger and sole bookrunner. HSBC Bank USA is acting as syndication agent. Capital Bank is acting as a lender.
“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 CEO.
Subject to the terms and conditions of the credit agreement, the company may increase the aggregate principal amount available under the credit facility by an additional $75 million.