Freshfields represented 3D Systems Corporation, a leading US-based manufacturer of 3D printers and related materials and software, in connection with its upsized offering of $460 million of 0% Convertible Senior Notes due 2026.  The notes were issued in a Rule 144A offering which closed on November 16, 2021.  The offering was well-received by investors, pricing above expectations with a 0% coupon and a 42.5% conversion premium.  3D Systems achieved the best convertible pricing of the year for a technology company with a <$5 billion market cap.

The Freshfields team was led by corporate partners Ethan Klingsberg and Michael Levitt, counsel Brian Lewis and associates Tracy Zhang, Jennifer Burrow and Fatima Anjum;  partner Robert Scarborough and counsel Dennis Caracristi advised on tax;  partner Brian Rance advised on finance;  partner Menachem Kaplan and associate Danny Spencer advised on IP; and counsel Stephanie Brown Cripps and associates Jen King and Amy Cattle advised on dispute resolution.  Corporate partner Sarah Solum also provided strategic advice in connection with the transaction.

ENDS