Our Clients

Transaction and Process Overview

Convertible Preparation Process

• Matthews South ran the structuring, documentation and overall preparation process for weeks prior to bank involvement in the execution phase

Bank RFP Process

• Developed and ran a competitive bid process to achieve attractive pricing on the convertible and gross spread
• Representing to the banks that the structuring and documentation were already completed was critical to achieving attractive terms

Designed Call Spread Bid Process to Optimize Terms

• Recommended adding financial institutions that have displayed aggressiveness in other bid situations
• Call spread document included novel features that gave the company additional protection and transparency

Day of Marketing

• Matthews South advised the company throughout the day of execution to help ensure that the security was priced efficiently
• Conversion premium achieved (42.5%) was one of the highest for a technology company in the past few years

Significant Cost Reduction

• The gross spread together with the Matthews South fee was substantially lower than the typical fee