05:10 PM EDT, 06/12/2025 (MT Newswires) -- Xometry ( XMTR ) said late Thursday it closed its offering of $250 million convertible senior notes due 2030, bearing a rate of 0.75%.

The offering includes the full exercise of the overallotment option by institutional buyers to purchase up to an additional $25 million of notes, according to a statement.

Xometry ( XMTR ) used the net proceeds to repurchase convertible senior notes due 2027 and 220,994 common shares, as well as to cover the costs of capped call transactions, the company said.

The debt refinancing extends the maturity of nearly all of the company's loans at better terms, a lower coupon, and reduced potential for future dilution to the capital structure, it added.