Today, 3D printing industry leader 3D Systems has entered into a $150 million five-year, unsecured revolving credit facility with its group of lenders. With the new credit facility, the company, which has made a reputation for regularly acquiring smaller businesses, will have an initial aggregated $150 million with which to meet its financial goals. In addition to this first $150 million, the company may be able to augment the loan with an extra $75 million.
3DS CEO Avi Reichental, said of the Credit Agreement, “Our enhanced capital structure will allow us to strategically execute on our focused long-term initiatives for the benefit of all of our constituents,” adding, “This credit facility strengthens our capital structure and provides us with greater financial flexibility to decisively execute our growth strategy.”
As a result of the news, 3DS shares are up 3.83% at the time of this writing, pushing the share price to $40.70.…
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