WisdomTree plans USD 525 million convertible senior notes offering due 2031

Reuters03-24 04:06
WisdomTree plans USD 525 million convertible senior notes offering due 2031
  • WisdomTree announced a private offering of USD 525 million of convertible senior notes due 2031 to qualified institutional buyers.
  • Initial purchasers are expected to receive an option to buy up to an additional USD 78.8 million of the notes within 13 days of issuance.
  • The company said about USD 200 million of net proceeds is intended to fund the closing consideration for its planned acquisition of Atlantic House.
  • WisdomTree also expects to use part of the proceeds to pay cash consideration to exchange its 3.25% convertible senior notes due 2029 in privately negotiated transactions.


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