Sole Bookrunner for WisdomTree
- August 19, 2024
Oppenheimer & Co. Inc. acted as Sole Bookrunner for WisdomTree, Inc. (NYSE:WT) on its $345,000,000 Convertible Senior Notes Offering
This transaction is Oppenheimer’s fifth sole managed convertible notes offering for WisdomTree
Oppenheimer & Co. acted as the Sole Bookrunner for WisdomTree, Inc. (NYSE:WT) on its $345,000,000 offering of 3.25% Convertible Senior Notes due 2029. The proceeds of the transaction were used to (i) repurchase 14.8 million shares of WisdomTree’s Series A Preferred Stock for ~$144 million, (ii) repurchase ~$104 million principal amount of WisdomTree’s 5.75% Convertible Senior Notes due 2028 for ~$133 million, and (iii) repurchase 5.7 million shares of WisdomTree’s common stock for ~$55 million concurrent with the transaction. WisdomTree’s stock price traded up 1.3% on the transaction announcement and 2.4% for the day.
WisdomTree, Inc. through its subsidiaries in the U.S. and Europe, is an ETF and ETP sponsor and asset manager headquartered in New York. WisdomTree offers products in equity, commodity, fixed income, leveraged and inverse, currency, digital assets and other alternative strategies. WisdomTree currently has approximately $110 billion of assets under management globally.
Financial Institutions Investment Banking
Gilbert Dychiao
Title:Managing Director, Head of Financial Institutions Group
Arthur Porto
Title:Associate
Alec Azar
Title:Analyst
Convertible Securities Advisory
Robert Missant
Title:Managing Director, Head of Convertible Securities Advisory
James Lin
Title:Director
Heath Loch
Title:Associate
Alexander Silverman
Title:Analyst
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