WisdomTree to repay ccredit facility with proceeds of new convertibles

By Rebecca Melvin

New York, June 10 – WisdomTree Investments Inc. intends to repay and terminate its senior secured credit facility with proceeds of a new issue of convertible notes, the company said in a release.

About $121.6 million of proceeds and cash on hand and, potentially a portion of the over-allotment option of the new issue, will be used to cancel the facility.

The company priced $150 million of new three-year convertibles via Oppenheimer & Co. Inc. as bookrunner for the Rule 144A offering, which carries a greenshoe of $22.5 million.

WisdomTree is a New York-based ETF and ETP sponsor and asset manager.

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