3D Systems repurchases $110M convertible notes at ~22% discount; reduces outstanding by >50%

3D SYSTEMS CORP

Repurchasing $110M aggregate principal of 0% Convertible Senior Notes due 2026 for ~$87M cash (22% discount to par).
Expected close March 8, 2024; remaining outstanding ~$214M, down from initial $460M issuance.
Company intends to cancel the repurchased notes; terms unchanged on remaining debt.
Transaction reinforces balance sheet while maintaining strong cash position for operations.

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