Stratasys Enters $250 Million Revolving Credit Facility with Bank of America

Stratasys Ltd.

today announced the Company has entered into a credit agreement with Bank of America, N.A. for a five year revolving credit facility in an aggregate principal amount of up to $250 million. The Company has the right to request increases in the facility of up to an aggregate of $75 million, subject to the agreement of the lenders and certain other conditions. The credit facility provides added capacity and flexibility for the company's ongoing expansion and acquisition initiatives. “We believe our new credit facility, combined with the successful equity offering we completed in September, provides the company with sufficient resources to fund expansion and growth initiatives. Our industry