News
Freshfields Represents 3D Systems in Partial Repurchase of its Convertible Senior Notes
Freshfields represented 3D Systems Corporation (NYSE: DDD), a leading provider of additive manufacturing solutions including hardware, software, materials, and applications for healthcare and industrial markets, in a series of separate, privately negotiated agreements with a limited number of holders of its 0% Convertible Senior Notes due 2026 (the “Notes”) to repurchase approximately $135 million aggregate principal amount of the Notes at an approximately 26% discount to par value.
The repurchases closed on December 13, 2023, leaving approximately $325 million principal amount of the Notes outstanding.
The Freshfields team was led by corporate partner Michael Levitt, counsel Tracy Zhang, senior associate Aashim Usgaonkar and associate Sumner Fields; partner Claude Stansbury and counsel Dennis Caracristi advised with respect to tax matters.
About Freshfields Bruckhaus Deringer LLP
Freshfields Bruckhaus Deringer is a global law firm with a long-standing track record of successfully supporting the world's leading national and multinational corporations, financial institutions and governments on groundbreaking and business-critical mandates. Our 2,800-plus lawyers deliver results worldwide through our own offices and alongside leading local firms. Our commitment, local and multinational expertise, and business know-how means our clients rely on us when it matters most.
Freshfields is ranked by Chambers Global in Band 1 across the six areas of antitrust, corporate/M&A, litigation, international arbitration, tax, and public international law. For more information visit Freshfields.us.