3D Systems issues $92M convertible notes due 2030, retires $180M of 2026 notes

3D SYSTEMS CORP

Closed private offering of $92M aggregate principal of 5.875% Convertible Senior Secured Notes due 2030.
Initial conversion price $2.24/share, a ~20% premium over $1.87 closing price on June 17, 2025.
Used net proceeds ~$87.9M plus $77.9M cash to repurchase $180M of 0% Convertible Notes due 2026.
Also spent $15M cash to buy back ~8M shares of common stock at $1.87 per share.
Notes mature June 15, 2030, with put option on June 20, 2028; redeemable after June 20, 2028 under certain conditions.

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