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Actionable news in IPGP: IPG Photonics Corporation,

Entry into a Material Definitive

IPG Laser

"), a wholly-owned subsidiary of IPG Photonics Corporation (the "

Registrant

"), amended its unsecured revolving line of credit (the "

Credit Facility Agreement

") with Deutsche Bank AG (

Deutsche Bank

) to re-allocate the cash and guarantee facilities. IPG Laser, located in Burbach, Germany, is one of the Registrant's principal manufacturing, research and sales operations.

Under the amended Credit Facility Agreement, IPG Laser continues to have available credit up to Euro 30.0 million. The cash facility has increased from Euro 14.0 million to Euro 19.0 million and the guarantee facility had been reduced from Euro 16.0 million to Euro 11.0 million. Of the Euro 30.0 million in available credit, up to Euro 14.0 milli on is available to certain of our foreign subsidiaries as follows: our Russian subsidiary - up to Euro 8.0 million (representing a decrease...


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