debt
confidence high
sentiment neutral
materiality 0.70
WisdomTree issues $345M 3.25% convertible notes due 2029, repurchases all Series A preferred stock
WisdomTree, Inc.
- $345M aggregate principal of 3.25% Convertible Senior Notes due 2029 issued; net proceeds ~$337M.
- Initial conversion price ~$11.82/share (84.5934 shares per $1,000 principal); rate adjustable.
- Company repurchased all 14,750 Series A preferred shares from ETFS Capital (convertible into 14.75M common) and terminated Investor Rights Agreement.
- Certificate of Elimination filed for Series A Preferred Stock after repurchase; no shares outstanding.
- Notes are senior unsecured, rank equally with existing 2026 and 2028 convertibles; interest semiannual.