3D Systems Announces Agreements to Exchange All Outstanding 5.875% Convertible Senior Secured Notes Due 2030, Eliminating All Secured Debt
Key Highlights
- ➤$92.03M of 2030 Notes exchanged for $85M 2031 Notes, 13.47M shares, and $20M cash
- ➤All secured debt eliminated, with 2030 Notes canceled and collateral liens released
- ➤2031 Notes carry 3.30% interest and mature April 1, 2031
- ➤$3.43 conversion price represents approximately 30.0% premium to 3D Systems’ $2.64 share price
- ➤Exchange expected to close around November 12, 2026, subject to conditions
ROCK HILL, S.C., Nov. 04, 2026 (GLOBE NEWSWIRE) -- 3D Systems Corporation (NYSE: DDD) (“3D Systems” or the “Company”) today announced that it has entered into separate, privately negotiated exchange agreements with all of the holders (the “Transaction Participants”) of its currently outstanding 5.875% convertible senior secured notes due 2030 (the “2030 Notes”). Pursuant to these exchange agreements, the Company has agreed to exchange $92,030,000 aggregate principal amount of 2030 Notes held by the Transaction Participants, representing all of the outstanding 2030 Notes, for $85,000,000 aggregate principal amount of newly issued 3.30% convertible senior notes due 2031 (the “2031 Notes”), 13,471,138 shares (the “Shares”) of the Company’s common stock and $20,000,000 in cash, plus accrued and unpaid interest on the exchanged 2030 Notes to, but excluding, the closing date, subject to certain adjustments if the closing occurs after December 1, 2026 (the “Exchange”).
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