3D SYSTEMS CORP 8-K

What Happened
3D Systems Corporation announced on December 22, 2025 that it entered into a Second Supplemental Indenture to its 2030 Notes Indenture (relating to its 5.875% Convertible Senior Secured Notes due 2030) with Wilmington Savings Fund Society, FSB as trustee and collateral agent. The company obtained the requisite consents from note holders in exchange for aggregate cash payments of approximately $1.8 million and amended the indenture to reduce the required Qualified Cash balance and remove a restricted cash account and related lien.

Key Details

• Date: Second Supplemental Indenture executed December 22, 2025.
• Notes affected: 5.875% Convertible Senior Secured Notes due 2030.
• Cash paid to consenting holders: ~ $1.8 million.
• Change to covenant: Qualified Cash requirement lowered from $40,000,000 to $20,000,000.
• Collateral change: Section requiring a Restricted Cash Account was deleted and the lien on that Restricted Cash Amount was released.
• Trustee/collateral agent: Wilmington Savings Fund Society, FSB.

Why It Matters
This amendment eases a liquidity covenant by halving the minimum cash the company must hold at quarter end, freeing up up to $20 million that could be used for operations, debt payments, or other corporate needs. Deleting the restricted cash account and releasing its lien removes a claim on that cash, giving 3D Systems more flexibility in how it uses those funds. The company paid consenting note holders about $1.8 million to obtain these changes, a one-time cost to secure the greater liquidity flexibility.