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3D Systems Announces Private Placement of $20.6 Million of 6% Convertible Subordinated Debentures
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Contact:
Elizabeth Goode, Director Marketing
(661) 295-5600, ext. 2632
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VALENCIA, Calif., Dec. 2, 2003 -
3D Systems Corp. (NASDAQ: TDSC) announced today that it has privately placed
$20,659,000 of 6% convertible subordinated debentures that mature on November
30, 2013. The debentures are convertible into shares of the Company’s common
stock at $10.18 per share, which represents an 18% premium to the fair market
value at the time of their original issuance. The Company used a portion of the
net proceeds to repay the outstanding balance owed under its credit facility
with U.S. Bank and intends to use the remainder of the net proceeds for working
capital purposes.
The Debentures have not been registered under the Securities Act of 1933, as amended, and neither the Debentures, nor the common stock into which the Debentures are convertible, may be offered or sold in the United States absent registration under, or an applicable exemption from the registration requirements of, the Securities Act.
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