3D Systems issued $92 million in convertible notes.

3D printing solutions provider 3D Systems announced that it has issued $92 million of 5.875% convertible notes due in 2030 to a select group of institutional buyers. The initial conversion price is set at $2.24, which is 20% higher than the stock's closing price of $1.87. The company plans to use the net proceeds and approximately $78 million in cash to repurchase approximately $180 million of its convertible notes due in 2026, and will also use around $15 million to repurchase 8 million shares of stock.