WisdomTree announces a private offering of convertible senior notes valued at USD 130.0 million.

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Financial innovator WisdomTree, Inc. has declared its intention to offer USD 130.0 million in aggregate principal amount of its convertible senior notes due 2028 in a private offering.

In addition, WisdomTree intends to give the initial buyer of the notes an option to buy up to an additional USD 20.0 million in total principal amount of the notes for settlement within 13 days of the date the notes are first issued.

In order to finance the concurrent, repurchase of up to USD 115.0 million in aggregate principal amount of its 4.25% convertible senior notes due 2023, WisdomTree plans to use a portion of the net proceeds from the offering. The settlement of any outstanding 2023 notes shall occur no later than the maturity date.

Read More: WisdomTree Announces Private Offering of $130.0 Million of Convertible Senior Notes

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