3D Systems to issue $85 million in convertible notes in debt exchange
DDD•3D Systems agreed to issue $85 million of 3.30% convertible senior unsecured notes due 2031 to retire $92.03 million of secured notes due 2030. Holders will also receive 13,471,138 common shares and $20 million in cash; closing is expected around November 12, 2026.
1. Debt exchange terms
3D Systems agreed to issue $85 million of 3.30% convertible senior unsecured notes due April 1, 2031, in exchange for all $92.03 million of its outstanding convertible senior secured notes due 2030. Holders will also receive 13,471,138 common shares and $20 million in cash, with accrued interest payable separately; the exchange will eliminate all secured debt and generate no cash proceeds.
2. Timing and interest
Interest on the new notes will be payable semiannually beginning April 1, 2027. Closing is expected around November 12, 2026, subject to conditions.
