WisdomTree Raises $415M in Upsized Convertible Debt Offering
ByAinvest
Tuesday, Aug 12, 2025 7:45 am ET1min read
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The increase in the offering size was driven by an additional $60 million in aggregate principal amount of the notes purchased by initial purchasers, bringing the total to $415 million. WisdomTree expects to use $275.0 million of the net proceeds from the offering to pay the closing consideration for its previously announced acquisition of Ceres Partners, LLC (the "Acquisition"). Additionally, a portion of the net proceeds will be used to repurchase up to $25.8 million in aggregate principal amount of its remaining outstanding 5.75% convertible senior notes due 2028 [1].
The notes are convertible into WisdomTree's common stock, with the conversion rate and other terms to be determined upon pricing. The notes will also be redeemable for cash at WisdomTree's option at any time from August 20, 2027 onwards. If the Acquisition is not consummated, WisdomTree intends to use the proceeds for general corporate purposes [1].
WisdomTree's current assets under management globally amount to approximately $129.1 billion. The company is a global financial innovator, offering a diverse suite of exchange-traded products (ETPs), models, and digital asset-related products. The WisdomTree Prime digital wallet and digital asset services, as well as the WisdomTree Connect institutional platform, are made available through WisdomTree Digital Movement, Inc. [1].
References:
[1] https://www.morningstar.com/news/business-wire/20250811605856/wisdomtree-announces-private-offering-of-400-million-of-convertible-senior-notes
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WisdomTree has priced a $415m convertible senior notes offering, an increase from the initially announced $400m. The notes are due in 2030 and were sold to qualified institutional buyers. An additional $60m was purchased by initial purchasers, bringing the total to $415m.
WisdomTree, Inc. (NYSE: WT) has priced a $415 million convertible senior notes offering, an increase from the initially announced $400 million. The notes, due in 2030, were sold to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended [1].The increase in the offering size was driven by an additional $60 million in aggregate principal amount of the notes purchased by initial purchasers, bringing the total to $415 million. WisdomTree expects to use $275.0 million of the net proceeds from the offering to pay the closing consideration for its previously announced acquisition of Ceres Partners, LLC (the "Acquisition"). Additionally, a portion of the net proceeds will be used to repurchase up to $25.8 million in aggregate principal amount of its remaining outstanding 5.75% convertible senior notes due 2028 [1].
The notes are convertible into WisdomTree's common stock, with the conversion rate and other terms to be determined upon pricing. The notes will also be redeemable for cash at WisdomTree's option at any time from August 20, 2027 onwards. If the Acquisition is not consummated, WisdomTree intends to use the proceeds for general corporate purposes [1].
WisdomTree's current assets under management globally amount to approximately $129.1 billion. The company is a global financial innovator, offering a diverse suite of exchange-traded products (ETPs), models, and digital asset-related products. The WisdomTree Prime digital wallet and digital asset services, as well as the WisdomTree Connect institutional platform, are made available through WisdomTree Digital Movement, Inc. [1].
References:
[1] https://www.morningstar.com/news/business-wire/20250811605856/wisdomtree-announces-private-offering-of-400-million-of-convertible-senior-notes
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