secwatch / observer
8-K filed February 14, 2023, 6:59 PM ET ticker WT CIK 0000880631
debt confidence high sentiment neutral materiality 0.65

WisdomTree, Inc. (WT): debt financing — WisdomTree issues $130M 5.75% Convertible Notes due 2028; net ~$126.4M, conversion ~$9.54

WisdomTree, Inc.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

WisdomTree, Inc. incurred convertible notes of $130.0 million with U.S. Bank Trust Company, National Association at 5.75% per year maturing August 15, 2028.

Instrument
convertible notes
Principal
$130.0 million
Counterparty
U.S. Bank Trust Company, National Association
Rate
5.75% per year
Maturity
August 15, 2028
Event
incurrence
Exact text from the filing
On February 14, 2023, WisdomTree, Inc. (the “Company”) issued $130.0 million in aggregate principal amount of 5.75% Convertible Senior Notes due 2028 (the “Notes”) pursuant to an Indenture (the “Indenture”), dated February 14, 2023, between the Company and U.S. Bank Trust Company, National Association, as trustee (the “Trustee”), in a private offering to qualified institutional buyers (the “Notes Offering”) pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”).
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

WisdomTree, Inc. entered into Purchase Agreement with Initial Purchaser (an investment bank) valued at $130.0 million (effective 2023-02-09).

Action
entry
Agreement
underwriting
Counterparty
Initial Purchaser (an investment bank)
Value
$130.0 million
Effective
2023-02-09
Exact text from the filing
The sale of the Notes to an investment bank (the “Initial Purchaser”) pursuant to the Purchase Agreement (the “Purchase Agreement”), dated February 9, 2023, by and between the Company and the Initial Purchaser, resulted in approximately $126.4 million in net proceeds to the Company.
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

WisdomTree, Inc. entered into Indenture with U.S. Bank Trust Company, National Association, as trustee valued at $130.0 million in aggregate principal amount (effective 2023-02-14).

Action
entry
Agreement
notes offering
Counterparty
U.S. Bank Trust Company, National Association, as trustee
Value
$130.0 million in aggregate principal amount
Effective
2023-02-14
Exact text from the filing
On February 14, 2023, WisdomTree, Inc. (the “Company”) issued $130.0 million in aggregate principal amount of 5.75% Convertible Senior Notes due 2028 (the “Notes”) pursuant to an Indenture (the “Indenture”), dated February 14, 2023, between the Company and U.S. Bank Trust Company, National Association, as trustee (the “Trustee”)
View on SEC.gov

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WisdomTree, Inc. filing history →

Source: SEC EDGAR
accession 0001193125-23-039327
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