3D Systems Secures $92 Million in Convertible Senior Secured Notes Due 2030, Retires $180 Million of 2026 Notes

Reuters
06-25
3D Systems Secures $92 Million in Convertible Senior Secured Notes Due 2030, Retires $180 Million of 2026 Notes

3D Systems Corporation has announced the issuance of $92 million in convertible senior secured notes due 2030. The company entered into privately negotiated subscription agreements with a limited number of qualified institutional buyers for this transaction. The proceeds from these notes, along with $78 million in cash on hand, will be used to repurchase approximately $180 million of its existing 0% convertible senior notes due 2026. Furthermore, 3D Systems plans to utilize approximately $15 million in cash to repurchase shares of its outstanding common stock. The notes, which bear an interest rate of 5.875% per annum, are expected to close on June 23, 2025, and will mature on June 15, 2030, unless redeemed, repurchased, or converted earlier.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 3D Systems Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-145744), on June 24, 2025, and is solely responsible for the information contained therein.

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