II-VI amends credit agreement to permit $350 million debt issuance

By Marisa Wong

Morgantown, W.Va., Aug. 22 – II-VI Inc. amended its third amended and restated credit agreement on Aug. 17 to be able to incur up to $350 million of unsecured debt under its credit facility, according to an 8-K filed Tuesday with the Securities and Exchange Commission.

The company announced on Tuesday that it intends to offer $300 million of convertible senior notes due 2022. The Rule 144A offering will include an up to $45 million greenshoe.

PNC Bank, NA is administrative agent under the credit agreement.

II-VI manufactures opto-electronic components. The company is based in Saxonburg, Pa.

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