Oppenheimer Advises WisdomTree on Convertible Notes Offering


On March 2, 2023, Oppenheimer & Co. Inc. announced that it acted as sole bookrunner for WisdomTree, Inc. (NYSE: WT) on an offering of convertible notes.

Under the terms of the transaction, Oppenheimer & Co. Inc. acted as sole bookrunner for WisdomTree, Inc. (NYSE: WT) (“WisdomTree”) in a $130,000,000 offering of 5.75% Convertible Senior Notes due in 2028. WisdomTree used the proceeds of the loan to repurchase $115,000,000 of the principal amount on a previously issued set of Convertible Senior Notes, which will mature in June of 2023. WisdomTree may redeem the 2028 notes if the stock price exceeds 130% of the convertible price after 2.5 years.

Oppenheimer, based in New York, is an investment bank that offers financial advice, capital market services, asset management, wealth management, and related financial services. Oppenheimer has over $46 billion in assets under management.

WisdomTree, based in New York, is an asset management company focusing on Exchange Traded Products (“ETPs”). WisdomTree has approximately $82 billion in assets under management. 

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