IPG Photonics Corporation has entered into a new credit agreement with Bank of America, N.A., alongside additional subsidiary borrowers and lenders. The agreement, dated June 24, 2025, replaces the previous loan agreement that expired on June 30, 2025. This new arrangement establishes a $200 million unsecured revolving credit facility, with $25 million available for letters of credit, maturing on June 24, 2030. The company has the option to increase the aggregate commitments by up to $100 million, provided there is no default. The funds will be utilized for working capital, capital expenditures, and general corporate purposes. Importantly, the loans under this agreement can be prepaid without any premium or penalty. The agreement also includes customary covenants and events of default, ensuring that IPG Photonics maintains a Consolidated Net Leverage Ratio of 3.00 to 1.00 at the end of each fiscal quarter.