Financing ·
Exchanges $92M of secured notes for $85M unsecured debt, 13.5M shares and $20M cash
DDD3D Systems Corp
3D Systems Corporation agreed to exchange all outstanding $92,030,000 aggregate principal amount of its 5.875% Convertible Senior Secured Notes due 2030 for newly issued $85,000,000 in 3.30% Convertible Senior Notes due 2031, 13,471,138 shares of common stock, and $20,000,000 in cash plus accrued interest. The transaction eliminates the company's secured debt and releases related collateral liens upon closing, expected around November 12, 2026. No cash proceeds are received by the company from this exchange. 3D Systems Corporation operates in the additive manufacturing industry, providing 3D printing technologies, materials, and software solutions.