6K Additive has executed the final loan agreement with the Export-Import Bank of the United States (EXIM) for a $27.4 million financing facility to support the expansion of its domestic manufacturing capacity in Burgettstown, Pennsylvania.
The EXIM Loan was approved by the 6K Additive Board last December, and the funds are now immediately available to reimburse the company for ongoing purchases of equipment and infrastructure related to the expansion.
6K Additive's capacity expansion will increase its nickel, titanium and refractory powder production and enhance its service to customers in a range of industries, including aerospace, energy, and defence.
Approved under the “Make More in America Initiative” (“MMIA”) and in coordination with the U.S. Department of War’s (DoW) Defense Production Act Title III initiative, the financing is intended to enable 6K Additive to accelerate investments in production infrastructure and manufacturing capabilities at its Pennsylvania site. The EXIM Loan will support the construction of four new buildings and the acquisition of further advanced manufacturing equipment
6K Additive CEO Frank Roberts said, “Finalising this agreement with EXIM marks an important milestone for 6K Additive and reinforces the strategic importance of expanding domestic production of the critical materials essential to America’s defence and advanced manufacturing industries. This investment directly supports the Make More in America Initiative and provides 6K Additive with the funding required to execute our planned capacity expansion while preserving our existing capital to support continued growth. We greatly appreciate EXIM Chairman John Jovanovic’s leadership and support in bringing this agreement to completion.”
As 6K Additive strengthens its manufacturing capacity, the company is looking to expand its offering to include titanium, tungsten, C-103, nickel alloys, and other advanced metal powders. The Company's UniMelt process enables the production of metal powders from qualified domestic feedstocks while 'meeting the stringent quality, traceability, and DFARS (U.S. DoW procurement regulations) compliance requirements of aerospace and defence customers,' per the company.
6K Additive's EXIM loan has a six-year term and is available for drawdown through June 30, 2028. The facility will carry a fixed Commercial Interest Reference Rate (CIRR), to be determined five business days prior to the first disbursement, with the currently published CIRR at 5.38%. It also consists of up to $25.2 million of financing for eligible project costs, together with up to $2.2 million to finance the related EXIM exposure fee of 8.9% on all disbursements for an all-in annual borrowing cost of approximately 6.86% at current published rates. The facility also includes a 0.5% per annum commitment fee on undrawn and uncancelled commitments over the drawdown period.
The EXIM Loan was originally approved in December of 2025 under EXIM’s Make More in America initiative, which is designed to revitalise domestic manufacturing in the United States whilst securing supply chains for critical industries like defence and aerospace. The approval of the EXIM Loan was the first deal of its kind, conducted in coordination with the United States Department of War’s Defense Production Act Title III initiative and also the largest loan under the MMIA to support advanced materials and manufacturing.
Last week, 6K Additive & ADDMAN announced a 30-month metal powder supply contract worth up to $10.8m.
