Lates News

3D printing solution provider 3D Systems announced the issuance of $92 million in 5.875% convertible notes due in 2030 to a select group of institutional buyers. The initial conversion price is set at $2.24, a 20% premium compared to the stock's closing price of $1.87. The company plans to use the net proceeds, along with around $78 million in cash, to repurchase approximately $180 million in convertible notes due in 2026 and also intends to repurchase 8 million shares of stock for approximately $15 million.