3D Systems Announces Adjustment to Conversion Rate of 5.50% Senior Convertible Notes Due 2016
February 22, 2013 --
ROCK HILL, S.C., Feb. 22, 2013 (GLOBE NEWSWIRE) -- 3D Systems (NYSE:DDD) announced today that the conversion rate of the company's 5.50% senior convertible notes due 2016 has been adjusted to reflect the previously announced three-for-two split of the company's common stock in the nature of a 50% stock dividend. The stock split was declared by the Board of Directors of the company on February 5, 2013. After giving effect to the adjustment for the stock split, the conversion rate in effect immediately prior to the open of business on February 22, 2013, and thereafter, is 69.9032 shares of common stock per $1,000 principal amount of notes.
About 3D Systems
3D Systems is a leading global provider of 3D content-to-print solutions including 3D printers, print materials and on-demand custom parts services for professionals and consumers alike. The company also provides CAD modeling, reverse engineering and inspection software tools and consumer 3D printers, apps and services. Its expertly integrated solutions replace and complement traditional methods and reduce the time and cost of designing and manufacturing new products. 3D Systems products and services are used to rapidly design, communicate, prototype or produce real functional parts, empowering customers to create and make with confidence.
More information on the company is available at www.3DSystems.com
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Media Contact: Cathy Lewis