08:06 AM EDT, 06/18/2025 (MT Newswires) -- 3D Systems ( DDD ) said Wednesday that it has entered subscription agreements to issue $92 million of its 5.875% convertible senior secured notes due June 15, 2030.

The sale of the notes is expected to close on Monday. The notes will have an initial conversion rate of 445.6328 common shares per $1,000 of notes, equivalent to an initial conversion price of about $2.24 per share.

The company said it plans to use the proceeds, together with $78 million of cash on hand, to repurchase $180 million of its outstanding 0% convertible senior notes due 2026 and about $15 million of cash on hand to repurchase 8 million of its common shares at $1.87 per share.