<div>
  <p>
  </p>
  <ul>
    <li>
      <p>
        3D Systems announced that it is repurchasing around USD 135 million of its 0% Convertible Senior Notes due 2026 at a 26% discount to par value through separate agreements with note holders.
      </p>
    </li>
    <li>
      <p>
        This debt reduction, paid in cash from the company's balance sheet, aims to close on December 13, 2023, following standard closing conditions.
      </p>
    </li>
    <li>
      <p>
        After this buyback, around USD 325 million of these notes will remain, initially issued at USD 460 million, carrying 0% interest, and maturing in November 2026.
      </p>
    </li>
    <li>
      <p>
        The company highlighted the move as strategic liability management, reducing debt by nearly 30%, bolstering the balance sheet, and affirming its strong cash reserves.
      </p>
    </li>
  </ul>
  <p>
  </p>
</div>


<div>
  <p>
    <a href="https://www.3dsystems.com/press-releases/3d-systems-announces-partial-repurchase-convertible-senior-notes">
      Press release
    </a>
  </p>
  <p>
  </p>
</div>


Additive Manufacturing

<div>
<p>3D Systems is repurchasing around $135 million of its 0% Convertible Senior Notes due 2026 at a 26% discount, through agreements with note holders. The scheme, aimed to close on December 13, 2023, will reduce the company's debt by nearly 30%. After the buyback, about $325 million of these notes, originally issued at $460 million, will remain. The company interprets this as a strategic move to manage liability, strengthen the balance sheet, and highlight healthy cash reserves.</p>
</div>

3D Systems repurchases USD 135 million of 0% convertible senior notes

PROMINENT_CATEGORY

<div>
<p>ASTM International has extended its Powder Bed Fusion - Laser Beam (PBF-LB) Machine Operator Certification program to include 3D Systems Corporation and Nikon SLM Solutions. More metal AM systems from EOS will also be included. The updated certification is based on the joint ISO/ASTM standard for qualifying operators of laser metal PBF machines. It aims to ensure competent operations of metal PBF-LB machines through theoretical and practical assessments. The program covers areas from standard operating procedures to powder material specializations. The certification is intended to promote consistent standards and further incorporate AM technologies in the industry.</p>
</div>

ASTM International expands PBF-LB machine operator certification with 3D Systems and Nikon

ANALYST_QUICK_TAKE

<div>
 
 <ul>
  <li><p>3D Systems introduces NextDent Base, a new dental 3D printing material, approved by the FDA. This material is part of the company's digital dentistry solution to improve efficiency in dental labs and clinics.</p></li>
  <li><p>NextDent Base is a biocompatible material that is CE certified and registered with the FDA and other countries. It is available in four different colors to meet esthetic needs.</p></li>
 </ul>
 
</div> <p><b>Analyst QuickTake: </b> This new product is said to majorly benefit the dental industry by potentially cutting down the production time of prosthodontics, minimizing the number of necessary patient visits, and reducing waste and capital expenses. It also aims to decrease reliance on milling centers and consequently speed up the dental device production process extraordinarily. <a href="https://sp-edge.com/companies/336689"> Desktop Metal </a> and <a href="https://sp-edge.com/companies/469679"> Axial3D </a> are some other companies with FDA approvals that cater to the dentistry market.</p>

3D Systems launches NextDent Base for 3D-printed dental applications after FDA approval

DISRUPTOR_PRESENT

3D Systems has unveiled the MJP 300W Wax 3D printer and VisiJet Wax Jewel Ruby, enhancing its jewelry manufacturing capabilities. The MJP 300W is a versatile printer that delivers enhanced resolution and faster print speed through its QHD and UHD print modes. The VisiJet Wax Jewel Ruby is a durable wax material that preserves intricate details in high-temperature conditions, providing improved durability and dimensional stability for jewelry patterns. Analyst QuickTake: The company appears to be expanding its portfolio of jewelry printers. This March, the company launched the ProJet MJP 2500W Plus printer system, specifically designed for jewelry printing.

3D Systems launches new printer and wax material for jewelry printing

Stratasys has rejected a revised acquisition proposal from 3D Systems, stating that it significantly undervalues the company. Stratasys supports its pending merger with Desktop Metal and believes that 3D Systems' proposal does not qualify as a "Superior Proposal" under its existing agreement. The company has concerns about 3D Systems' growth prospects, gross margins, profitability, synergy potential, regulatory approval risks, and management capabilities. Stratasys had previously rejected a proposal from 3D Systems in June and is focused on finalizing its merger with Desktop Metal by Q4 2023.

All Updates

3D Systems repurchases USD 135 million of 0% convertible senior notes

ASTM International expands PBF-LB machine operator certification with 3D Systems and Nikon

3D Systems launches NextDent Base for 3D-printed dental applications after FDA approval

3D Systems launches new printer and wax material for jewelry printing

Stratasys commits to Desktop Metal merge; terminates discussions with 3D Systems

3D Systems observes growth in several industrial markets; revenue down 8.5% YoY in Q2 2023

3D Systems partners with Theradaptive to improve patient outcomes

3D Systems launches new materials for SLA and Figure 4 portfolios

3D Systems partners with Oerlikon to accelerate metal additive manufacturing

3D Systems partners with SWANY to promote large-format pellet extrusion 3D printing in Japan