Search Menu
Photonics Media Photonics Buyers' Guide Photonics EDU Photonics Spectra BioPhotonics EuroPhotonics Industrial Photonics Photonics Showcase Photonics ProdSpec Photonics Handbook
More News
Email Facebook Twitter Google+ LinkedIn Comments

IPG Obtains Deutsch Credit
Oct 2007
OXFORD, Mass., Oct. 15, 2007 -- IPG Photonics Corp. announced today it has entered into a new 15 million euro ($21 million) unsecured revolving credit facility with Deutsche Bank AG.

The new credit line replaces several secured overdraft facilities totaling about $8 million, which expire at set dates through June 2010. It supplements another $20 million unsecured revolving credit facility from Bank of America NA that was signed in July.

Funds from the new line of credit will be used to support IPG Photonics’ global operations, to pay down existing bank debt and for general corporate purposes, the company said in a statement.

“We are pleased to have secured this new credit facility because it offers us better terms, a longer-term committed line and additional liquidity,” said IPG Photonics Chief Financial Officer Tim Mammen. “The new credit facility gives us additional financial flexibility as we capitalize on the growing demand for our fiber lasers.”

For more information, visit:

The technology of generating and harnessing light and other forms of radiant energy whose quantum unit is the photon. The science includes light emission, transmission, deflection, amplification and detection by optical components and instruments, lasers and other light sources, fiber optics, electro-optical instrumentation, related hardware and electronics, and sophisticated systems. The range of applications of photonics extends from energy generation to detection to communications and...
A gas made up of electrons and ions.
fiber opticsIPG Laser GmbHIPG PhotonicsLCD display screensNews & Featuresphotonicsplasmapulsed laserssilicon wafersYLPYLP-MOPA pulsed lasers

Terms & Conditions Privacy Policy About Us Contact Us
back to top
Facebook Twitter Instagram LinkedIn YouTube RSS
©2019 Photonics Media, 100 West St., Pittsfield, MA, 01201 USA,

Photonics Media, Laurin Publishing
x We deliver – right to your inbox. Subscribe FREE to our newsletters.
We use cookies to improve user experience and analyze our website traffic as stated in our Privacy Policy. By using this website, you agree to the use of cookies unless you have disabled them.