debt
confidence high
sentiment neutral
materiality 0.55
WisdomTree issues $475M of 4.625% convertible notes due 2030, net proceeds ~$464M
WisdomTree, Inc.
- Issued $475M principal of 4.625% Convertible Senior Notes due Aug 15, 2030; net proceeds ~$464M.
- Initial conversion price ~$19.1545 per share (52.2071 shares per $1,000); maximum 75.7003 shares per $1,000.
- Notes are senior unsecured, rank equally with existing 3.25% notes due 2026/2029 and 5.75% notes due 2028.
- Company may redeem notes on/after Aug 20, 2027 if stock >=130% of conversion price for 20/30 days.
- Interest payable semiannually Feb 15 and Aug 15, starting Feb 15, 2026; no sinking fund.
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