Item 1.01. Entry into a Material Definitive Agreement.
On October 9, 2020, 3D Systems Corporation (the "Company") and its subsidiaries
3D Systems, Inc. and 3D Holdings, LLC (together with the Company, the "Loan
Parties"), HSBC Bank USA, N.A., as administrative agent, swing loan lender and
an issuing lender ("HSBC"), and the other lenders party thereto (together with
HSBC, the "Lenders") entered into Amendment No. 2 (the "Amendment") to the
Credit Agreement, dated as of February 27, 2019 (as previously amended, the
"Credit Agreement"), by and among the Loan Parties and the Lenders. Pursuant to
the Amendment, (a) the Company and its subsidiaries are permitted to sell,
transfer or lease assets in one or more transactions up to an aggregate fair
market value not to exceed $200,000,000 during the term of the Credit Agreement,
(b) the Company can reinvest certain disposition and insurance proceeds once the
term loans under the Credit Agreement have been paid in full and (c) the terms
concerning the LIBOR replacement, when that benchmark is no longer available,
have been modified.
The Company and its affiliates regularly engage the Lenders to provide other
banking services. All of these engagements are negotiated at arm's length.
The foregoing description of the Amendment does not purport to be complete and
is subject to, and qualified in its entirety by, the full text of the Amendment,
a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and
is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
10.1 Amendment No. 2, dated October 9, 2020, to the Credit Agreement, dated
February 27, 2019 (as amended by Amendment No. 1, dated as of September
30, 2019), by and among 3D Systems Corporation, HSBC Bank USA, National
Association, as Administrative Agent, Swing Loan Lender and Issuing
Lender, the guarantors party thereto, and the other lenders party thereto.
104 Cover Page Interactive Data File (embedded within Inline XBRL document).
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