II-VI expands unsecured revolving credit facility size to $80 million

By Sara Rosenberg

New York, Nov. 1 - II-VI Inc. upsized its unsecured revolving credit facility to $80 million from $50 million through the accordion feature, according to an 8-K filed with the Securities and Exchange Commission on Thursday.

PNC Bank is the agent on the deal.

Proceeds were used to help fund the $71.4 million acquisition of M Cubed Technologies Inc., a Monroe, Conn.-based developer of advanced ceramic materials and precision motion control products.

II-VI is a Saxonburg, Pa.-based manufacturer of engineered materials and optoelectronic components.

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