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3D Systems Inks $150MM Credit Facility With PNC

October 14, 2014, 07:39 AM
Filed Under: Printing

3D Systems entered into a $150 million five-year, unsecured revolving credit facility with its lenders. The credit agreement is comprised of a revolving loan facility that provides for advances in the initial aggregate principal amount of up to $150 million. 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. The credit agreement is subject to certain covenants and other conditions customary for agreements of this nature.

Subject to the terms and conditions of the credit agreement, the company may, at its option, increase the aggregate principal amount available under the credit facility by an additional $75 million.

3D Systems is pioneering 3D printing for everyone. 3DS provides the most advanced and comprehensive 3D design-to-manufacturing solutions including 3D printers, print materials and cloud sourced custom parts. Its powerful digital thread empowers professionals and consumers everywhere to bring their ideas to life in material choices including plastics, metals, ceramics and edibles. 3DS' leading healthcare solutions include integrated 3D planning and printing for personalized surgery and patient specific medical and dental devices.

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