3D Systems to Issue 13,471,138 Unregistered Shares in Debt Exchange
Bitget2026/11/05 11:16- 3D Systems agreed to issue 13,471,138 common shares in an unregistered, privately negotiated debt exchange.
- The exchange will retire all $92.03 million of outstanding 5.875% convertible senior secured notes due 2030, eliminating secured debt.
- Holders will receive $85 million of newly issued 3.30% convertible senior notes due 2031, which will be unsecured.
- Cash consideration totals $20 million, excluding accrued interest; the company will receive no cash proceeds.
- Closing is expected on or about November 12, 2026, subject to closing conditions.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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