Oct. 13, 2014

3D printing giant, 3D Systems (NYSE:DDD) announced today that it entered into a $150 million five-year, unsecured revolving credit facility with its lenders.

According to the company, the loan facility provides for advances in the initial aggregate principal amount of up to $150 million. The company has also been granted an option to increase the aggregate principal amount of the acility by an additional $75 million.

"Our enhanced capital structure will allow us to strategically execute on our focused long-term initiatives for the benefit of all of our constituents," said Avi Reichental, 3DS President and Chief Executive Officer.

PNC Bank, National Association is acting as Administrative Agent, PNC Capital Markets LLC is acting as Sole Lead Arranger and Sole Bookrunner, HSBC Bank USA, N.A. is acting as Syndication Agent, and Capital Bank, N.A. is acting as a lender.

Currently there are 110m outstanding shares with a market cap of $4.35 billion. 3D Systems' shares edged up 1.10% on the news to $39.56 per share.

Posted in 3D Printing Services

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