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IPG Secures $20M Credit Line

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OXFORD, Mass., July 27, 2007 -- IPG Photonics Corp., an Oxford-based maker of fiber lasers and amplifiers, announced Thursday it has entered into a new $20 million unsecured revolving credit facility with Bank of America NA. The new credit line bears interest at LIBOR (London Interbank Offered Rate) plus 0.8 to 1.2 percent...Read full article

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