ROCK HILL, S.C., Aug. 05, 2020 (GLOBE NEWSWIRE) -- 3D Systems (NYSE:DDD) announced today that it has established an at-the-market equity program under which it may, from time to time, sell shares of its common stock having an aggregate offering price of up to $150,000,000.

3D Systems has entered into an equity distribution agreement with Truist Securities, Inc. and HSBC Securities (USA) Inc., as sales agents. Pursuant to the equity distribution agreement, sales of ATM Shares may be made in transactions that are deemed to be “at-the-market offerings,” as defined in Rule 415 under the Securities Act of 1933, as amended, including by sales made directly on or through the New York Stock Exchange.

3D Systems intends to use the proceeds from the sales, if any, of the ATM Shares for general corporate purposes, which may include repaying amounts outstanding under its senior secured term loan facility and its senior secured revolving credit facility.

About 3D Systems

More than 30 years ago, 3D Systems brought the innovation of 3D printing to the manufacturing industry. Today, as the leading Additive Manufacturing solutions partner, we bring innovation, performance, and reliability to every interaction - empowering our customers to create products and business models never before possible. Thanks to our unique offering of hardware, software and materials, each application-specific solution is powered by the expertise of our application engineers who collaborate with customers to transform how they deliver their products and services. 3D Systems’ solutions address a variety of advanced applications in Healthcare and Industrial markets such as Medical and Dental, Aerospace & Defense, Automotive and Durable Goods.