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Sole Bookrunner for WisdomTree

  • Oppenheimer & Co. Inc.
  • 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 tombstone
wisdomtree tombstone

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.

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DISCLOSURES

This notice is provided for informational purposes only, and is not intended as a recommendation or an offer or solicitation for the purchase or sale of any security or financial instrument. Nothing contained herein shall constitute an offer or solicitation to buy or sell any securities discussed herein in any jurisdiction where such offer or solicitation would be prohibited.

This notice may contain statistical data cited from third-party sources believed to be reliable, but Oppenheimer & Co. Inc. does not represent that any such third-party statistical information is accurate or complete, and it should not be relied upon as such. All market prices, data and other information are not warranted as to completeness or accuracy and are subject to change without notice.

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