The ExOne Company announced that it has entered into a definitive agreement with Rockwell Forest Products Inc. (“RFP”), an entity controlled by S. Kent Rockwell, Chairman and Chief Executive Officer of the Company, to raise approximately $13 million in gross proceeds in a registered direct offering of common shares. Effective as of the closing of the Offering, the company will terminate its $15 million, five-year revolving credit facility with RHI Investments, LLC, an entity also controlled by S. Kent Rockwell, dated October 23, 2015. There are no borrowings outstanding under the Credit Agreement and, upon its termination, all liens and guaranties will be released.

The termination of the Credit Agreement was approved by the credit facility committee of the Board, which also consists solely of independent directors.