3D Systems (DDD) launches SLS 380 workflow and dual laser printers along with other high-throughput 3D printing technologies to enhance its additive manufacturing portfolio.
The latest offering of 0% convertible unsecured senior notes worth $400 million by 3D Systems (DDD) is set to boost its financial flexibility.
Shares of 3D printer manufacturer 3D Systems (NYSE: DDD) had plummeted 10.2% as of 11:30 a.m. EST Thursday. The worse news is that it seems 3D Systems has only itself to blame for the drop. Last night after close of trading, 3D Systems spooked the market by announcing it will offer $350 million worth of "convertible senior notes due 2026" (i.e., new debt), and potentially as much as $402.5 million if underwriters exercise their overallotment options on the offering.