3D Systems calls all 7% convertibles

By Caroline Salls

Pittsburgh, Dec. 2 - 3D Systems Corp. said it will redeem all its outstanding 7% convertible subordinated debentures due 2006 on Jan. 4 at a price of 107% of par, subject to the condition that at least $9 million of the debentures are converted into shares of the company's common stock by 5 p.m. PT on Dec. 30.

The company originally issued $10 million of the debentures in 2001.

3D Systems is entitled to redeem the debentures any time after Dec. 31.

The debentures are convertible into 833,333 shares of common stock at a conversion price of $12 per share.

3D Systems stock closed at $16.40 Thursday.

3D Systems is a Valencia, Calif., provider of rapid 3-D printing, prototyping and manufacturing solutions.

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