Sono-Tek Corporation announced that it has amended its existing Line of Credit and Equipment Financing facilities with M&T Bank. The amendment increased permissible borrowings under the Line of Credit from $750,000 to $1,500,000. As amended, the Line of Credit is collateralized by the Company’s accounts receivable and inventory. Prior to the amendment, the Line of Credit was collateralized by all assets of the Company, except for the land and buildings. The Line of Credit accrues interest at the Bank’s Prime rate, which is unchanged. The amendment increased the Equipment Financing facility from $250,000 to $750,000, eliminated prepayment penalties and now provides for a variable or fixed option interest rate. Prior to the amendment, interest accrued under the Equipment Financing facility at the Bank’s cost of funds plus 2%. The collateral remains unchanged and applies to specific equipment that is financed.