Puradyn Filter Technologies, Inc. (OTCPK:PFTI) announced that it has entered into a revolving credit agreement with Christian Meissner for private placement of a 5% senior secured revolving note for gross proceeds of $250,000 on March 9, 2020. The note will pay interest at the rate of 5% per annum based on a 365 day year and shall be payable on the maturity, matures on September 30, 2020 and obligations are secured by a first position security interest in the assets as evidenced by a security agreement. The company may prepay the note in whole or in part at any time without penalty.